How can the lassez-faire doctrine be described?

The lassez-faire doctrine can be described as:

a free market with limited government regulation of business.

Explanation:

First of all, Lassez-Faire means something very close to "let things happen" in a way in which is declared that the government should business happen, without worries. This doctrine is conceived as an economic model in which the economy would self-regulate itself as well as businesses and the markets. In this model, the government only takes care of managing the rights of individuals. Therefore, the lassez-faire doctrine is a model of the free economy in which the government doesn't do anything to regulate it.