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The doctrine that opposes government interference in business is called?
Wiki User
∙ 15y ago
Laissez-faire. I'm not certain of the literal translation from the French, but it's essentially 'let it happen'. It's all about 'Free market' economics.
Wiki User
∙ 15y ago
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u
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a philosophy of government which opposes governmental activities to regulate business, but encourages governmental support of business activities
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What is meant by the phrase laissez faire?
The term and word laissez faire refers to a doctrine that opposes governmental interference in economic affairs of individuals and the society that one lives in. According to some research, this policy was widely accepted in the 19th century. However, later on, the popularity of the laissez faire doctrine decreased towards the late 19th century.
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Laissez-faire economics opposes government intervention in?
The free market.
What is the economic doctrine that opposes government regulation of the economy called?
An economy that operates without government regulation is called capitalism. Because there has never been a time when government did not participate in the economy, modern capitalism has never existed. Here I am referring to most nations going back as far as ancient times. I emphasize "most" to eliminate minor cases where there in fact was no governments but there was trade.
What does laissez-faire means in PR?
Laissez-faire (pronunciation: French, [lɛsefɛʁ] (help·info); English, ˌleɪseɪˈfɛər (help·info)) is a term used to describe a policy of allowing events to take their own course. The term is a French phrase literally meaning "let do" or "leave it to be". It is a doctrine that holds that the state generally should not intervene in the marketplace.[1] 1. An economic doctrine that opposes governmental regulation of or interference in commerce beyond the minimum necessary for a free-enterprise system to operate according to its own economic laws. 2. Noninterference in the affairs of others. 1. the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs. 2. the practice or doctrine of noninterference in the affairs of others, esp. with reference to individual conduct or freedom of action.
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