Economics · Economic Thought
What does the 'Laissez-Faire' viewpoint fundamentally imply?
- 1Minimum government intervention in economic activities.✓
- 2Business enterprises must maximize profits without any tax obligations.
- 3A political view popularized exclusively by Rousseau, Bentham, and Hobbes.
- 4The shift in the concept of labor from a commodity approach to a human approach.
Correct answer
Minimum government intervention in economic activities.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Economic Thought?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economic Thought