Limited government involvement refers to the idea that the role of the government should be restricted, with minimal intervention in people's lives, businesses, and economic affairs.
Related terms
Laissez-Faire: Laissez-faire is an economic theory advocating for minimal government intervention in markets, allowing free competition among businesses.
Deregulation: Deregulation refers to reducing or eliminating government regulations on industries or sectors, aiming to promote competition and market efficiency.
Devolution: Devolution is the transfer of powers from central governments to regional or local governments within a country.