The French term "laissez-faire" means
A) "there is no free lunch."
B) "let it be."
C) "circular ﬂow."
D) "public ownership."

Name: The French term "laissez-faire" means A) "there is no free lunch." B) "let it be." C) "circular ﬂow." D) "public ownership."
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Question

Quizplus · Accepted Answer

The term "laissez-faire" comes from French and translates to "let it be" or "leave it alone." It is a philosophy that embraces minimal government intervention in economic affairs, advocating instead for free markets and individual initiative.

The French Term "Laissez-Faire" Means