Laissez-faire is an economic theory from the 18th century that advocated for an minimally regulated free market. The theory is based on the belief that the economy is best left to its own devices and that government intervention should be limited as much as possible. Laissez-faire economics was a major force in the Industrial Revolution and the rise of capitalism.
What does laissez-faire economics mean quizlet? Laissez-faire economics is an economic theory that advocates for minimal government intervention in the marketplace. The theory is based on the belief that the free market will function most efficiently if left to operate on its own, without government intervention.