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Laissez faire refers to a type of government theory. It states that a government runs more smoothly when the leaders approach it with a hands-off style.
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What describes the economic theory of laissez-faire?
Laissez-faire is French for “let happen” not to control, but keeping hands off.
Under this economic theory the government does not get involved in the economy?
Laissez-Faire
The theory of laissez-faire economics called for the government to do what?
not to interfere with the economy
The theory of laissez-faire capitalism advocates?
noninvolvement of the government in the economy
The theory of laissez-faire economics called for the government to?
not interfer with the economy
Under this economic theory the government does not get involved in the economy.?
Laissez-Faire
What theory of laissez-faire economics call for the government to do?
not to interfere with the economy
What does The theory of laissez-faire capitalism advocates?
noninvolvement of the government in the eoconomy
Neoclassical economists supported Adam Smith's theory of?
laissez-faire
Who advocated the theory of laissez faire?
Adam Smith
Which phrase best illustrates the theory of laissez-faire capitalism?
h
What economic theory does laissez-faire rely on to regulate prices and wages?
Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.
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