little governmental involvement in business and financial matters
laissez-faire
laissez-faire
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
capitalist
The Free Market Enterprise system (aka: Capitalism). its laissez faire
laissez-faire
laissez-faire
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
There are several such systems, but the most popular is the laissez-faire system.
capitalist
The Free Market Enterprise system (aka: Capitalism). its laissez faire
The term laissez faire refers to letting the market be, and can also be called "let it be economics. "A laissez faire system would be in effect with little government intervention in business affairs.
laissez-faire
There are several such systems, but the most popular is the laissez-faire system.
An economic system should be driven by free market forces, not government intervention. A+
Kepler
the fact that they are "laissez-faire" does not mean that they are merely for show, they still run the country, making important decisions to further the counties industrial, technological and economic development.