Laissez-faire refers to a situation in which there is ____ with the workings of the market system.
A)zero consumer involvement
B)zero government interference
C)minimal government interference
D)complete government interference

Question

Quizplus · Accepted Answer

Laissez-faire is a French phrase that translates to "let do" or "let it be." In economics, it refers to a policy of minimal government intervention in the workings of the market system. This means that the government does not regulate or control the market, but rather allows it to operate freely. Therefore, the best choice is C, which states that laissez-faire involves minimal government interference.

Laissez-Faire Refers to a Situation in Which There Is ____