Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why is capitalism referred as laissez faire?

April 26, 2017capitalism faire laissez referred

0

Posted

Why is capitalism referred as laissez faire?

1 Answer

0

Posted

Laissez faire is a French term that means: “To live and let live.” Or, perhaps more literally, to be and let be. Capitalism’s insistent that economies and marketplaces remain largely unregulated and unfettered is an example of laissez faire. To let people sell what they choose to sell and let people buy what they choose to buy. To let people choose who they sell to and let people choose who they buy from, this is laissez faire.