Laissez-faire is an economic and political philosophy. It is from a French phrase that means to "leave alone". It means that government does not interfere with business and economy.Finance and trade decisions are left for the private individual to make. It is the belief that unregulated competition in business represents the best path to progress. Supporters claim that a free and unregulated market creates a natural balance between supply and demand. The phrase is supposed to have come from the 18th century. In a meeting between the French finance minister Colbert and a businessman named Le Gendre, Colbert asked how the government could help commerce. Le Gendre replied "Let us do what we want to do".