key (adj) very important; essential: He is seen as a key member of the team.
laisser-faire (adj) allowing business to operate without imposing restrictions: A laisser-faire policy would encourage international trade.
leading (adj) being the best in the respective area of expertise: We are the leading provider of household appliances in the region!
leaflet (noun) a piece of paper which provides information: If you are interested, I can give you a leaflet with more information.
liable (adj) likely to happen: Interest rates are liable to rise if market conditions don't change.
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