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The French phrase laissez-faire, for a market free of regulation, means:

ABuy cheap
BLeave alone
CFair price
DFree trade
Answer & Solution
Correct answer: B. Leave alone
1. Smith supported a free market. 2. Laissez-faire means leave alone or let it be. 3. It rejects regulation by the state. _Source: syllabus Indian Society, Chapter 4, The Market as a Social Institution._
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