The French term "Laissez-faire" means "Let go" or "Allow to pass or to do" in English. In economics, it refers to the doctrine that advocates that all business practices should be free from any government intervention or moderation (like privileges, tariffs, and subsidies), and should only be driven only by the market forces, this way economy can prosper, and by extension society too. Therefore, in "Laissez-faire" economies, the government plays a limited role.
