Laissez-faire refers to the view that government must regulate the economy in order to guarantee its efficiency.

Question

Quizplus · Accepted Answer

Laissez-faire is actually the opposite view, which advocates for minimal government intervention in the economy, believing that a free market will regulate itself efficiently. Laissez-faire is actually the opposite view - it advocates for minimal government intervention in the economy, believing that markets will naturally regulate themselves.

Laissez-Faire Refers to the View That Government Must Regulate the Economy