Limited government intervention

Definition

Limited government intervention refers to an economic system where the government's role in regulating markets is minimal. In this system, market forces largely determine what is produced, how it is produced, and for whom it is produced.

Related terms

Laissez-faire capitalism: An economic system characterized by minimal government interference or regulation in markets.

Free trade: A policy that allows goods and services to be traded across borders without significant restrictions or tariffs.

Deregulation: The process of reducing or removing government regulations and controls on businesses and industries.