"Laissez faire" meant that the government should not interfere in the economy.

Question

Quizplus · Accepted Answer

"Laissez faire" is a French term that translates to "let it be" or "leave alone." In economic terms, it refers to a philosophy that promotes minimal government intervention in the economy and allows market forces to determine prices, production, and distribution of goods and services. Therefore, the statement "Laissez faire meant that the government should not interfere in the economy" is true.

"Laissez Faire" Meant That the Government Should Not Interfere in the Economy