USA HISTORY

Detailed explanation-1: -The driving principle behind laissez-faire, a French term that translates to “leave alone” (literally, “let you do"), is that the less the government is involved in the economy, the better off business will be, and by extension, society as a whole. Laissez-faire economics is a key part of free-market capitalism.

Detailed explanation-2: -In laissez-faire policy, the government’s role is to protect the rights of the individual, rather than regulating business in any way. The term ‘laissez-faire’ translates to ‘leave alone’ when it comes to economic intervention. This means no taxes, regulations, or tariffs.

Detailed explanation-3: -As the subcontinent was struck by a number of severe famines, the colonial administration chose a response based on strict principles of laissez-faire. This meant a reliance on market forces, and a stance of government non-intervention, even as millions of Indians starved to death.

Detailed explanation-4: -Laissez-faire is the policy of leaving things to take their own course, without interfering and therefore in the given context option (d) is correct.

Detailed explanation-5: -Laissez faire is most commonly used in the context of economics, but it can be used in everyday life to refer to a hands-off approach to something. The adjective form laissez-faire is more commonly used.