WORLD HISTORY

Detailed explanation-1: -2 The government should only intervene in the economy to preserve property, life, and individual freedom; otherwise, the natural, unchanging laws that govern market forces and economic processes-what later British economist Adam Smith, dubbed the “invisible hand"-should be allowed to proceed unhindered.

Detailed explanation-2: -The concept of laissez-faire in economics is a staple of free-market capitalism. The theory suggests that an economy is strongest when the government stays out of the economy entirely, letting market forces behave naturally.

Detailed explanation-3: -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. Was this answer helpful?

Detailed explanation-4: -Advantages of Laissez-faire A laissez-faire economy gives businesses more space and autonomy from government rules and regulations that would make business activities harder and more difficult to proceed. Such an environment makes it more viable for companies to take risks and invest in the economy.

Detailed explanation-5: -The Physiocrats proclaimed laissez-faire in 18th-century France, placing it at the very core of their economic principles and famous economists, beginning with Adam Smith, developed the idea. It is with the Physiocrats and the classical political economy that the term laissez-faire is ordinarily associated.