Question Details

Detailed explanation and options for the selected question.

What does “Laissez-faire” policy advocate?

A. Government control over industry
B. Minimal government interference in economic activities
C. Government subsidy to industries
D. State control over trade unions

Explanation:

Laissez-faire refers to minimal government interference in economic activities, promoting free-market principles. It does not involve subsidies, state control, or trade union intervention.

Related Topics

Micro-Irrigation and Water Management

Revision Notes

Poverty Alleviation Measures

Revision Notes

Coastal Economic Zones and Maritime Trade

Revision Notes

Public-Private Partnerships (PPP)

Revision Notes

Regional Comprehensive Economic Partnerships (RCEP) Withdrawal

Revision Notes

Agricultural Marketing and Supply Chain

Revision Notes

Gold Economy and Monetization Schemes

Revision Notes

Cooperative Federalism and Economic Coordination

Revision Notes

Startup Financing and Angel Investments

Revision Notes

Industrial Policy and Growth

Revision Notes