What is the French term for limited government intervention in the economy?

Study for the Social Studies 30-1 Diploma Test. Prepare with flashcards and multiple choice questions, each question is accompanied by hints and detailed explanations. Get ready to excel in your exam!

The correct term for limited government intervention in the economy is "Laissez-faire." This concept originated from the French phrase meaning "let do" or "let it be," which encapsulates the idea that economic transactions should be left to the free market with minimal or no government interference. Laissez-faire economics promotes the belief that free markets lead to more efficient and optimal outcomes, as individuals and businesses pursue their own interests.

This term is fundamental to understand classical liberal economic theories, which argue that less governmental control fosters innovation and competition. The emphasis on individual responsibility and self-regulation in economic matters aligns closely with the principles of laissez-faire governance. In contrast, the other terms listed refer to different concepts; for example, "Interventionism" implies active governmental involvement in the economy, while "Conformité" and "Égalité" pertain to societal compliance and equality, respectively, neither of which addresses the economic context related to government intervention.

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