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Question

Q27. The term “Laissez-faire” associated with capitalist economy connotes

i) Free market

ii) Non-intervention by the government

iii) Intervention by the government

iv) None of the above

which of the above statements is/are true


A

a) i and ii only

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B

b) i only

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C

c) ii only

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D
d) iv only
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Solution

The correct option is A

a) i and ii only


ans; A
French for 'leave alone', laissez-faire is an economic theory that became popular in the
18th century. The driving idea behind laissez-faire as a theory was that the less the
government is involved in free market capitalism, the better off business will be, and then
by extension society as a whole.

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