1.

 What does “Laissez-Faire” mean?  

answer :

"Laissez-nous faire basically, "Let us do (it)." The Physiocrats popularized the phrase, using it to
name their core economic doctrine. Laissez-faire is an economic philosophy of free market
capitalism and Laissez-faire is an economic theory from the 18th century that opposed any
government intervention in business affairs. The driving principle behind laissez-faire, a French
term that translates as "leave alone" (literally, "let you do"), is that the less the government is
involved in the economy, the better off business will be—and by extension, society as a whole.

2. How is “Laissez-Faire” still relevant today? What are the weaknesses of “Laissez-Faire”?

answer : 

Laissez -faire still relevent today because the underlying beliefs that make up the fundamentals
of laissez-faire economics include, first and foremost, economic competition constitutes a
"natural order" that rules the world Because this natural self-regulation is the best type of
regulation, laissez-faire economists argue that there is no need for business and industrial affairs
to be complicated by government intervention also in my opinion since im searching more about
theory Laissez -faire economics assumes that free market forces alone correctly price every
investment. Rational market theory assumes that all investors base their decisions on logic rather
than emotion.

weaknesses of “Laissez-Faire” : 

- that capitalism as a system has moral ambiguities built into it: It does not inherently protect the
weakest in society. 

- laissez-faire advocates argue that if individuals serve their own interests first, societal benefits
will follow

- economic system run without regulation or correction

3. Do you think government’s supervision in economic activities should be significant? 

answer :

yes of course, because supervision is the process of determining performance measures as well
as taking actions that produce expected achievements in accordance with predetermined
performance. In another sense, supervision is a process in ensuring that all programs are carried
out in accordance with what has been planned. economic market is related to money and the
good economic activities is make the development economic more significant and more stable.
and if the government supervision is not significant the economic market will be not stable and
its corresponded to the economic country  the effect will be much more such as unemployment
will be increase, poverty will be increase, and theory said the government must protects the
markets. It makes sure no one is manipulating the markets and that all have equal access to
information. For example, it is in charge of national defense to protect the markets. 

Thank you :)