What describes economic theories that advocate for minimal government regulation?

The choice of laissez-faire accurately describes economic theories that advocate for minimal government regulation. Laissez-faire is a French term that translates to "let do" or "let go," which encapsulates the idea of allowing individuals and businesses to operate with minimal interference from the government. This economic philosophy emphasizes free markets and the belief that economic efficiency and individual freedoms are best achieved when market forces are allowed to operate without restraint.

In a laissez-faire system, the role of government is limited to protecting property rights and maintaining the rule of law, rather than involving itself in the economic processes or regulating businesses. Supporters argue that this leads to innovation, competition, and ultimately a more efficient allocation of resources.

The other options represent different economic ideologies that involve varying degrees of government involvement. Active intervention refers to a more hands-on approach where the government plays a significant role in managing the economy, which contrasts directly with laissez-faire principles. State socialism involves significant government control over the economy and means of production, typically resulting in reduced individual economic freedoms. Market socialism combines elements of socialism with some degree of market regulation, which also contradicts the laissez-faire approach of minimal intervention.

Therefore, laissez-faire stands out as the correct answer as it specifically focuses on the principle of minimal government