QUESTION IMAGE
Question
what is the meaning of the word in bold?
president calvin coolidge was opposed to government regulation. he refused to limit the rapidly growing economy of the
oaring twenties\ or to offer assistance to agriculture and other depressed industries. many blame his laissez - faire economics for the great depression.
enforcing trade protection
ensuring order and security
discouraging of growth and expansion
discouraging excessive intervention
Laissez-faire is an economic principle centered on minimal government involvement in the economy. It advocates for letting markets operate freely without regulatory interference, which aligns with the description of Coolidge opposing government regulation and economic intervention.
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deliberately avoiding intervention