Answer:
Economic System of Laissez-Faire has different characteristics, as respect for private property, freedom to do business, free market, government limitations of taking part or decisions in economy.
Laissez-Faire is an french expression that means ''let do, let pass'', referring in this case that the government shouldn't take part of most decision and let the private sector to do their job.
The government role in this economy is to ensure that private sector is not taken advantage one over another, establishing the game rules.