Laissez-faire
Term · Law · MLC-T-LAW-002911
An economic doctrine advocating for minimal government intervention in the economy and free markets. In a legal context, it suggests that laws and regulations should not unduly restrict individual economic activity or business operations. This philosophy influenced early American jurisprudence, particularly in contract and property law, emphasizing individual liberty and limited state control.
| Identifier | MLC-T-LAW-002911 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002911",
"term": "Laissez-faire",
"field": "Law",
"definition": "An economic doctrine advocating for minimal government intervention in the economy and free markets. In a legal context, it suggests that laws and regulations should not unduly restrict individual economic activity or business operations. This philosophy influenced early American jurisprudence, particularly in contract and property law, emphasizing individual liberty and limited state control.",
"url": "https://mlchart.com/terminology/law/laissez-faire/"
}
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