Final answer:
Laissez-faire economics is the belief that economic markets should operate free of government intervention. It means that the government does not regulate businesses or intervene in the pricing and production of goods and services.
Step-by-step explanation:
Laissez-faire economics is the belief that economic markets should operate entirely free of government intervention in order to operate most effectively and efficiently. This means that the government does not regulate businesses or intervene in the pricing and production of goods and services. The idea behind laissez-faire economics is that free markets will naturally find their own equilibrium and promote competition and innovation.