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Laissez-faire is a political system that advocates minimal government interference in economic affairs, promoting free-market capitalism.
Laissez-faire is a French term that translates to 'let it be' and refers to a political system that enacts few restrictions on businesses and maintains low taxes on private property.
It is a policy of governmental non-interference in economic or competitive affairs, pertaining to free-market capitalism. This approach allows businesses to operate without significant government intervention.
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