2. What is "laissez-faire "?
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2. What is "laissez-faire "?
- Laissez-faire is an economic theory from the 18th century that opposed any government intervention in business affairs. The driving principle behind laissez-faire, a French term that translates to "leave alone", is that the less the government is involved in the economy, the better off business will be, and by extension, society as a whole.
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