What did Adam Smith mean by "laissez faire"

allow to do

Laissez-faire is a French phrase that translates to “allow to do.” It refers to a political ideology that rejects the practice of government intervention in an economy. ... Economic theorist Adam Smith believed that the optimal functioning of markets needed minimal government intervention.

Explanation:

laissez faire means dont interfere. it means when people are doing buisnesses, they dont want the buisseness to intefere

Explanation:

explanation:

queer

when a country suffers, for example, a drought period, the market product is affected for a low offer, in this case, potatoes; the government has to tax to the households, which have to give more money for the potatoes which they consume, that situation make them consume substitute goods even through loans, it could increase the financial market movement and the inflationary phenomena, the business has to increase salaries in order to the employees could buy a more expensive food (potatoes) and in order to inflation tha business had to buy expensive supplies in the factor market, while the rest of the world have to gain more money to consume the same amount of potatoes.