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Question
laissez faire
definition
an economic principle advocating minimal government interference in the economy letting market forces freely operate
write the word in a sentence using historical context.
Laissez - faire was a prominent economic idea in the 18th - 19th centuries. During the Industrial Revolution, many believed in minimal government interference to allow industries to grow freely.
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In the 19th - century Britain during the height of the Industrial Revolution, the principle of laissez - faire was widely adopted, with the government taking a hands - off approach to let the booming textile and manufacturing industries operate based on market forces.