Which concept is commonly referred to as the Laissez-Faire theory?

Nature Theories and State Function MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

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Published
7 Jun 2022
Last updated
28 May 2026

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Explanation

The Laissez-Faire theory is another term for Individualism, which advocates minimal government intervention in economic affairs. The other options represent different ideologies: Socialism emphasizes collective ownership, Utilitarianism focuses on the greatest good for the greatest number, and Idealism centers on the primacy of ideas and ideals.

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