What is Laissez-faire?
Question and options
What is Laissez-faire?
- Non-interference by Government
- Controlled economy
- Mixed economy
- Socialistic pattern of economy
Answer and explanation
Correct answer: A - Non-interference by Government
Laissez-faire ('let do') is the doctrine that the government should not interfere in economic affairs, leaving markets to work freely. A controlled economy, a mixed economy and the socialistic pattern all involve active State participation, which is the opposite.
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CUSAT Three-Year LL.B.
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