Choose from the options given below the correct meaning of the foreign word 'laissez faire'.
Answer & explanation
Correct answer: option 3
The correct answer is OPTION 3 - Free from interference
The correct meaning of the foreign word 'laissez faire' is: Free from interference
Here's why:
- Origin: "Laissez faire" is a French term that literally translates to "let do" or "let it be."
- Economic principle: In economics, it refers to a policy of minimal government intervention in the economy, allowing businesses and individuals to operate with little or no regulation.