laissez-faire
Definition:
A school of thought in economics which promotes minimal interference from governing bodies in the economic affairs of individuals and society. Often referred to as the opposite of MERCANTILISM
Cross-References:
[mercantilism]
Links:
Figures:
© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [Anne Foy],.