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What is meant by “Laissez-Faire”?

What is meant by “Laissez-Faire”?

  • (a) Mixed Economy
  • (b) Non-interference of govt. in economic affairs
  • (c) Controlled economy
  • (d) Government ownership
Laissez-faire is a French expression that is translated to "let do" or "leave alone." In economics, laissez-faire refers to an attitude or ideology that encourages little to no government intervention in the economy. The ideology advocates that the economy will function best when it is guided by natural forces such as supply and demand rather than government regulations, taxes, or subsidies.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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