What is laza- fair?

Laissez-faire is an economic philosophy advocating minimal government intervention in the marketplace. It emphasizes that free markets, driven by supply and demand, are the most effective means of fostering economic growth and innovation. The term, which means "let do" in French, suggests that individuals should be free to pursue their own economic interests without regulatory constraints. This approach is often associated with classical liberalism and the works of economists like Adam Smith.