How Do You Use The Word Laissez Faire?

The term laissez faire is used in economics. Introduced to the English language by George Whatley, in 1774, in his book Principles of Trade, of which Benjamin Franklin happened to be the co-author. Laissez faire is actually French and translated literally, means 'let go or let pass'. The 19th century saw the usage of the term to represent free market economics. What the term laissez faire implies is that private enterprise and production should be allowed to roam free, and not be taxed or subject to any other such form of economic regulation by the State. The extremists in the free market domain take this interpretation to another level by stating that it connotes total non taxation. What the term actually connotes is the concept of free trade, which means that the government should not set tariffs and other such measures that could possibly cut down trade and business between two countries across the globe.

It is being increasingly used in place of the term free market today.

laissez faire pronounced, les A fair, is a French term that was incorporated into the English language, and has a meaning of freedom to apply rules or decisions as one wishes.
The webster dictionary defines it as "to let people do as they wish".
The word is normally imperative but can also be used as an adjective.
This word is often used interchangeably with free trade to mean that nations do as they wish.
It's broader meaning can be applied to many situations, for example, he has a laissez faire attitude to his studies.
European countries have adopted a laissez fare attitude towards the European Union agreement.