Q. The term “laissez-faire” often seen in news is related to which of the following?

[A] Free market

[B] Bonded labour

[C] Controlled market

[D] Agricultural market

Answer: A

Explanation: Adam Smith supported the idea of a ‘free market’, that is, a market free from all kinds of regulation whether by the state or otherwise.

This economic philosophy was also given the name laissez-faire, a French phrase that means ‘leave alone’ or ‘let it be’.

Source: NCERT