What is the french term for economic philosophy that means leave alone or let it be?a)Free-Marketb)Laissezc)Laissez-Faired)LiberalismCorrect answer is option 'C'. Can you explain this answer?

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What is the french term for economic philosophy that means leave alone or let it be?

a)
Free-Market
b)
Laissez
c)
Laissez-Faire
d)
Liberalism

Correct answer is option 'C'. Can you explain this answer?

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What is the french term for economic philosophy that means leave alone...

This economic philosophy was also given the name laissez-faire, a french phrase that means leave alone or let it be. Modern economics developed from early thinkers’ ideas such as adam smith and is based on the idea that the economy can be studied as a separate part of society that operates according to its own laws, leaving out the more prominent social or political context in which markets operate.

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