Laissez-faire is a French term that translates to "let do" or "let it be." It is an economic philosophy that advocates for minimal government intervention in economic affairs and maximum individual freedom in the marketplace. Laissez-faire economics holds that individuals and businesses should be free to make economic decisions without interference from the government or other regulators, and that competition and the profit motive will lead to efficient outcomes and overall economic growth. This philosophy was influential during the Enlightenment period and continues to shape economic thinking and policy in many countries today