A government is described as laissez-faire when it adopts an economic philosophy advocating minimal government interference in the economy. This means the government limits its role mainly to protecting national borders, property rights, and individual freedoms, while allowing the free market to regulate itself through supply and demand. The government refrains from imposing taxes, regulations, price controls, or trade barriers, trusting that the economy functions best when left to the natural forces of competition and individual self-interest in the market.
