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What does laissez faire mean?

Looking for the meaning or definition of the word laissez faire? Here's what it means.

Noun
  1. (economics) A policy of governmental non-interference in economic affairs.
  2. A policy of non-interference by authority in any competitive process.
Adjective
  1. (economics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.
  2. (economics) Advocating such noninterference.
  3. (economics) Resulting from such noninterference.
  4. (of a person) Avoiding interference in other people's affairs; choosing to live and let live.
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