Laissez-Faire capitalism is an economic system in which there is minimal government intervention in the economy and businesses are allowed to operate with little to no regulation or oversight. In this system, market forces such as supply and demand drive economic activity, and individuals and businesses are free to make their own decisions about production, investment, and consumption. The government's role is limited to protecting property rights and enforcing contracts, with the belief that the free market will lead to the most efficient allocation of resources and promote economic growth.
