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What is laissez-faire economics?

Laissez-faire is an economic theory dating back to the 18th century that opposes any government intervention in business affairs. The driving principle behind laissez-faire economics is that the less the government is involved in the economy, the better off business, and society as a whole, will be.

What is a laissez faire policy?

What is Laissez Faire? Laissez Faire is an economic policy based on the premise that the government should not intervene in the marketplace. The laissez faire doctrine advocates for minimal meddling by the government in the economic affairs of individuals and society.

Is laissez-faire a good idea?

Proponents of laissez-faire say that costly and exhaustive regulation is not needed since the market would weed out such bad actors. In reality, however, bad actors may continue operating for a long while. Laissez-faire refers to an economic theory opposed to government intervention in the market.

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