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What is an economic policy in which a government does not become involved in business affairs?
laissez faire capitalism
Who is the Economic Minister of Denmark?
Morten Østergaard is the Minister of Economic and Business Affairs.
What did laissezfaire supporters believe about the role of government in economic affairs?
Entrepreneurs
What is the the type of economy where people carry on their economic affairs freely but are subject to some government intervention and regulation?
When people can carry out their economic business freely but are also subject to some government intervention and regulation, that is called a mixed economy. It is a mixture of capitalism and socialism.
On what issues may business become involved to protect and improve the welfare of society?
urban affairs, consumer affairs, environmental affairs, and employment practices
Do libertarians oppose government intervention in both economic affairs and in the private lives of citizens?
they opposed government intervention only in the economic sector
What is the principle of Laissez Faire?
the principle of opposing government interference in economic affairs
A person who favors government intervention in both social and economic affairs?
liberal
Which best describes Eisenhower's approach to the role of government in economic affairs?
interventionist.
What laissez faire supports believe about the role of government in economic affairs?
Entrepreneurs
What did laissez- fairs supporters believe about the role of government in economic affairs?
Entrepreneurs
How did Jefferson chart a new course for the government?
Jefferson thought his election as the " Revolution of 1800. " Jefferson's first goal as President was limit the federal government's power over states and citizens. The new President thought that under Washington and Adams the Federal government had become too involved in economic affairs. He believed the idea of laissez faire from French term for "Let alone. Laissez faire means that the government should not interfere in the economy.
