Multiple choice

LAISSEZ FAIRE means?

  1. active intervention

  2. sound commercial affairs

  3. non-interference by the state in the direction of economic affairs

  4. interference by the state in the law and order
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Laissez faire is a French phrase literally meaning 'let do' or 'leave alone.' In economics, it refers to the policy of minimum government interference in economic affairs, allowing free markets to operate without regulation or intervention.

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