In economics, Laissez-faire (English pronunciation: /ˌlɛseɪˈfɛər/ ( listen), French: [lɛsefɛʁ] ( listen)) means allowing industry to be free of government restriction, especially restrictions in the form of tariffs and government monopolies. The phrase is French and literally means "let do," though it broadly implies "let it be" or "leave it alone." Sometimes, but rarely, the phrase is used to describe a form of philosophic anarchism.
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