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According to the lesson, the economic doctrine that opposes government regulation of the economy is called _____.

perestroika

laissez-faire

glasnost

coup d'etat

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meerkat18

LAISSEZ-FAIRE

According to the lesson, the economic doctrine that opposes government regulation of the economy is called LAISSEZ-FAIRE.

Laissesz-faire is an economic situation wherein government intervention is minimal, limited only to keeping peace and observing property rights.

It is a French term that means "let the people do as they choose".

The economic doctrine that opposes government regulations of the economy is called laissez-faire

What does laissez mean?

a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.

What does laissez-faire mean literally?

"allow to do"

The French phrase laissez faire literally means "allow to do," with the idea being "let people do as they choose." The origins of laissez-faire are associated with the Physiocrats, a group of 18th-century French economists who believed that government policy should not interfere with the operation of natural economic.

Learn more about laissez-faire here

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