Which of the following best describes the term laissez-faire?
A)intervening in the economy
B)leaving the economy alone
C)creating monopolies
D)disbanding monopolies

Question

Quizplus · Accepted Answer

Laissez-faire is a French term that translates to "leave alone" or "let it be." In economics, it refers to a policy of non-intervention by the government in the workings of the free market. This means that the government does not interfere with market forces of supply and demand, and allows the market to regulate itself. Therefore, choice B, "leaving the economy alone," is the best description of laissez-faire.

Which of the Following Best Describes the Term Laissez-Faire