Lessay faire, also known as laissez-faire, is a term used to describe an economic philosophy that advocates for minimal government intervention in the economy. The phrase is French in origin and roughly translates to “let do” or “let things be.” The philosophy of laissez-faire emerged in the 18th century during the Enlightenment era, as thinkers … Read more
Laissez-faire economics, also known as free-market capitalism, is an economic theory that advocates for minimal government intervention in the economy. Under this system, the government’s role is limited to protecting property rights, enforcing contracts, and maintaining a stable monetary policy. The market is allowed to operate freely, with prices determined by supply and demand, and … Read more