"Laissez-faire" is an economic philosophy from the 18th century that refers to limited government involvement in commercial matters. What does the phrase mean in English?
Answer "Leave alone"
The underlying concept of laissez-faire, a French term meaning "leave alone," is that the less the government intervenes in the market, the better off business will be. Economic liberalism is a critical component of free-market capitalism.
Asked by Vasilii Kulev · Last updated 4 years ago · 14.7K views · SOURCE
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