Question

Laissez faire means _____________.

• A. active intervention
• B. sound commercial affairs
• C. non-interference by the State in the direction of economic affairs
• D. non-interference by the State in law and order

Answer 1

Answer: (C)

non-interference by the State in the direction of economic affairs

Laissez Faire: It is a French word meaning 'non-interference'. This doctrine was popularised by classical economists who gave the view that government should interfere as little as possible in the economic activities of the individuals.