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What is meant by 'Laissez-Faire' ?

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What is meant by 'Laissez-Faire' ?

Posted by Tessa Violet 5 years, 6 months ago

CBSE > Class 12 > Sociology

2 answers

Nili Longjam 5 years, 6 months ago

Laissez faire means 'Leave Alone' or 'Let it be'. This policy or norm is in favour of giving maximum freedom to the individual so that he is able to fulfil his desires and look after his interests.

Abc Def 5 years, 6 months ago

It is free market which is free from all kind of regulations whether by state or anyone . So Adam Smith gave this term which means 'leave alone' or ' let it be'

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