||Lais`sez" faire" (?). [F., let alone.] Noninterference; -- an axiom
||of some political economists, deprecating interference of government
||by attempts to foster or regulate commerce, manufactures, etc., by
||bounty or by restriction; as, the doctrine of laissez faire; the
||laissez faire system of government.
||
La"i*ty (l"*t), n. [See Lay, a.] 1. The people, as distinguished from
the clergy; the body of the people not in orders.
A rising up of the laity against the sacerdotal caste.
Macaulay.