True or false: The term social contract refers to the concept that the state should not impose government regulations but should leave the economy alone.

Question

True false question.
True
False

Answer 1

False.

The term "social contract" refers to an implicit agreement among members of a society to cooperate for social benefits, often involving the exchange of individual freedoms for state protection and the maintenance of social order. It does not specifically refer to the idea that the state should refrain from imposing regulations on the economy.