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Question
select the correct answer from each drop-down menu.
who introduced the concept of laissez-faire?
drop - down 1 introduced the concept of laissez - faire, which means drop - down 2 government interference in the functioning of an economy.
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The concept of laissez - faire (which advocates for minimal government interference in the economy) was introduced by Adam Smith. Laissez - faire means "let do" in French, and in the context of the economy, it implies minimal government interference. So the first blank should be filled with "Adam Smith" and the second blank (describing what laissez - faire means in terms of government interference) should be "minimal" (or "little" or "no" as appropriate, but the key is that it's about limited government interference).
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First drop - down: Adam Smith introduced the concept of laissez - faire, which means minimal government interference in the functioning of an economy.