________ is an economic philosophy that advocates the government not intervene in the economy and leave market forces to influence the economic behavior of individuals and firms.

Question

Quizplus · Accepted Answer

Laissez-faire is a French term that translates to "leave alone" or “let it be”. It advocates for little to no government intervention in the economy, allowing market forces such as supply and demand to dictate prices, wages, and other economic outcomes. This economic philosophy is often associated with classical liberalism and free-market capitalism.

________ Is an Economic Philosophy That Advocates the Government Not