The term 'laissez-faire' is a French phrase meaning 'let it be' or 'leave it alone'. It is used to describe an economic system in which the government does not interfere with the free market. The term is composed of three words: laissez (7 letters), savoir (6 letters), and ren (3 letters). Laissez is a verb meaning 'to let' or 'to leave', savoir is a verb meaning 'to know' or 'to understand', and ren is a noun meaning 'THING'. Together, these three words form the phrase 'laissez-faire', which is used to describe an economic system in which the government does not interfere with the free market.