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GCSE History. can anyone explain laissez faire?

April 26, 2017Arts explain faire GCSE History Humanities laissez

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GCSE History. can anyone explain laissez faire?

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Sure – Laissez faire is an economic term. Literally meaning “let do”. Usually the term is used when describing a lack of regulation or governance for a market. A laissez faire approach means “let it do what it will do” without artifically influencing the outcome. In economics, it means letting the market function without taxes or regulations from the government.