the theory that government should not intefere in economic affairs is known as?

Question

the theory that government should not intefere in economic affairs is known as?

A) popilism
B) supply-side economics
C) laissez-faire
D) capitalism

Here's what Populism is (assume that's what you meant):
http://en.wikipedia.org/wiki/Populism

Here's what supply-side economics is:
http://en.wikipedia.org/wiki/Supply_side_economics

Here's laissez-faire:
http://en.wikipedia.org/wiki/Laissez-faire

And here's capitalism:
http://en.wikipedia.org/wiki/Capitalism

I did read through and one of them does answer the question perfectly :)

Matt

Answer 1

The theory that government should not interfere in economic affairs is known as laissez-faire. Laissez-faire is a French term that translates to "let it be" or "allow to do." It suggests that the government should have minimal intervention in the economy, allowing individuals and businesses to operate freely without regulation or oversight. This concept is often associated with capitalism, as it promotes free markets and private ownership of resources and businesses.