Final answer:
The statement is true. Laissez-faire economics describes a capitalist economy without any regulations.
Step-by-step explanation:
The statement that laissez faire is the term used to describe a capitalist economy without any regulations is true.
Laissez-faire economics is the belief that economic markets should operate entirely free of government intervention. In a laissez-faire economy, there are limited regulations on businesses, low taxes on private property, and minimal restrictions on business actions. This approach allows market forces, such as supply and demand, to determine prices, production, and distribution of goods and services.
However, it's important to note that complete laissez faire without any regulations can lead to negative consequences. It can result in monopolies, exploitation of workers, and harmful practices that put public health and safety at risk.
Therefore, a balance between free-market principles and appropriate government regulations is often necessary for a well-functioning capitalist economy.