Laissez Faire is a term that promotes the use of government intervention in the economy. True False

False! Laissez-faire actually promotes minimal government intervention in the economy. Originating from the French phrase meaning "let do" or "let it be," it champions the idea that free markets operate best when left alone, allowing supply and demand to naturally regulate themselves. Laissez-faire economics was popularized in the 18th century by thinkers like Adam Smith and is often cited in discussions about capitalism. In this approach, governments are encouraged to step back and let businesses thrive through competition, which, proponents argue, leads to innovation and economic growth. So, go ahead, let those markets rock and roll!