Capitalism
Leaving it alone
It depends entirely on who "they" are and who "his" business belongs to. Assuming that this is a pure laissez-faire system, the government would not interfere in business activities in any way save to prosecute criminal acts, such as an employee murdering another employee. The government would not employ any regulations.
Laissez Faire was a term made up in the 1700's and was a belief that meant that the government should not interfere with business's Some reasons that people agreed with laissez faire were because the business's do their own work and the government doesn't do it for them and also because they buy all the necessities needed for their business's. Laissez Faire is not still in use today, but it lasted throughout the Victorian period.
ANSWER: Who cares?
A laissez faire policy is when the government won't interfere beyond necessary with the business or trade in economic affairs. Laissez faire translated to English means "let go" or "let do". This can be expanded to "Let people do as they please/choose". A laissez faire economic policy would: Allow the economy to fix itself. Advocate markets without government interference. Not interfere with transactions among the public (no taxes or tariffs). Limit the role of the state in economic and other policy.
This is referred to as laissez-faire economics.
Leaving it alone
It depends entirely on who "they" are and who "his" business belongs to. Assuming that this is a pure laissez-faire system, the government would not interfere in business activities in any way save to prosecute criminal acts, such as an employee murdering another employee. The government would not employ any regulations.
Laissez Faire was a term made up in the 1700's and was a belief that meant that the government should not interfere with business's Some reasons that people agreed with laissez faire were because the business's do their own work and the government doesn't do it for them and also because they buy all the necessities needed for their business's. Laissez Faire is not still in use today, but it lasted throughout the Victorian period.
ANSWER: Who cares?
A laissez faire policy is when the government won't interfere beyond necessary with the business or trade in economic affairs. Laissez faire translated to English means "let go" or "let do". This can be expanded to "Let people do as they please/choose". A laissez faire economic policy would: Allow the economy to fix itself. Advocate markets without government interference. Not interfere with transactions among the public (no taxes or tariffs). Limit the role of the state in economic and other policy.
A laissez faire policy is when the government won't interfere beyond necessary with the business or trade in economic affairs. Laissez faire translated to English means "let go" or "let do". This can be expanded to "Let people do as they please/choose". A laissez faire economic policy would: Allow the economy to fix itself. Advocate markets without government interference. Not interfere with transactions among the public (no taxes or tariffs). Limit the role of the state in economic and other policy.
Capitalism or Libertarian ( they are not the same thing)
The theory that discouraged government interference in economic matters was social Darwinism. Some social Darwinists think that governments should not interfere by trying to regulate the economy as this would take away competition and self-interest in social and business matters.
The Department for Business, Innovation and Skills deals with economic policy.
The economy of a country will not prosper more if the government does not interfere with economic affairs.
The economy of a country will not prosper more if the government does not interfere with economic affairs.