Allowing the market to operate with a minimum of government regulation is called:

Question

Quizplus · Accepted Answer

Laissez-faire is a French term that means "let do" and it emphasizes the idea that the government should not interfere with the free market. Under this approach, businesses are allowed to operate with minimal regulations and the market is allowed to operate based on supply and demand. This approach is often associated with classical liberalism and is seen as a way to promote economic growth and individual freedom.

Allowing the Market to Operate with a Minimum of Government