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

World Trade Organization and Global Trade Regimes

Revision Notes

FDI, FPI, and Capital Inflows

Revision Notes

Skill Development Missions

Revision Notes

Agricultural Reforms and Future Roadmap

Revision Notes

Foreign Exchange Reserves and Management

Revision Notes

Gig Economy and Platform Workers

Revision Notes

Public Finance and Government Debt

Revision Notes

Regional Comprehensive Economic Partnerships (RCEP) Withdrawal

Revision Notes

Make in India 2.0

Revision Notes

Evolution of Indian Economy

Revision Notes