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
• B. b) i only
• C. c) ii only
• D. d) iv only

Answer 1

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.