HISTORY
ABSOLUTISM AND REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is laissez-faire?
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A policy of the government letting people do what they want economically
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A policy where people only do what they are qualified to do.
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A policy where the government controls everything
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when a country forms a Communist government
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Explanation:
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: -The term ‘Laissez-Faire’ comes from the French language and literally means “allow them to do”. In Social Science, this term is used in reference to free markets in which the government will not have any control over the prices of the products.
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