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Laissez-faire Versus Government Intervention. Historically, the U.S. government policy toward business was summed up by the French term laissez-faire -- "leave it alone." The concept came from the economic theories of Adam Smith, the 18th-century Scot whose writings greatly influenced the growth of American capitalism.
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The Appalachian plateau means the platue which is a series rigged dissected platue located on the western side of Appalachian mountains.
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Limited government means the government does not have all of the power. Federalism is when the states, or provinces, share the power. So all in all it's saying that because of federalism, the government does not hold all power over the citizens.
The answer to the question asked above is that basic choices that are faced by all societies are to solve the problem regarding the scarcity of resources, and to satisfy everyone in the society with the given scarce resource.
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