Final answer:
Laissez-faire in politics: minimal government interference for economic freedom while upholding individual rights.
Explanation:
Laissez-faire is a political policy advocating for minimal government interference in economic affairs, allowing businesses to operate freely. However, this doesn't mean complete disregard for the well-being of society; rather, it aims for economic freedom while maintaining respect for the rights of all individuals. The concept of laissez-faire has been debated extensively over time, especially regarding the balance between economic freedom and necessary regulations.
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