Question

What is laissez faire economics?

A. The belief in limited competition.


B. The idea that business operates best without regulation


C. The philosophy of government control and regulation


D. The interest in government support of business

Answer 1

B. The idea that business operates best without regulation.

Step-by-step explanation:

Laissez-faire is the policy on non-intervention of the government in the business functions. It was first used by economic historian Adam Smith in his book called The Wealth Of Nations. He said that it is natural that humans are motivated their self motivated and business activities would better prosper without government intervention.