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hufflepuff
hufflepuff
Student
High School - 10th Grade

Explain the economic policy of laissez-faire.

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Posted by hufflepuff on Tuesday November 3, 2009 at 11:42 PM and tagged with history, themes.

Answers:

  1. mark1966
    mark1966 Teacher
    High School - 12th Grade

    eNotes Editor

    Best answer as selected by question asker.

    This is a policy in which industry and economics are free from government restrictions, tarriffs and especially any government monopoly. It is a French term which roughly translated is 'allowing the people do as they please.'

    It is a vision of free market and free trade without government intervention, keeping the government involvement to a minimum. Laissez faire in theory does not wish to protect multi-national companies at the expense of the people but it would look to allow the market to take its own course.

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    Posted by mark1966 on Wednesday November 4, 2009 at 1:47 AM