Multiple choice

Which definition best describes laissez-faire?

  1. Government stays out of business affairs

  2. Strict laws and regulations in the stock market

  3. Government-provided unemployment insurance

  4. The outlawing of monopolies
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Laissez-faire is an economic philosophy advocating for minimal government intervention in the economy and business affairs.

Keep practicing — related questions