Laissez-faire

Laissez-faire (/ˌlɛseɪˈfɛr-/, French: [lɛsefɛʁ]) is an economic system in which transactions between private parties are free from government interference such as regulations, privileges, tariffs, and subsidies. The phrase laissez-faire is part of a larger French phrase and literally translates to "let (it/them) do", but in this context usually means to "let go".