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The Market as a Social Institution — Sociology STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyThe Market as a Social Institution2 Marks
Question
Explain the term 'Laissez faire'.
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Answer

The French term Laissez Faire means 'Leave alone' or 'let it be. This policy or norm is in favour of giving maximum freedom to the individual so that he is able to fulfil his desires and look after his interests.

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