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Laissez-faire is the idea that the economy should continue without interference from the government. The economy would be self correcting.
laissez-faire has no control by the government, while mercantilism is an economy controlled by the government
Capitalist economy
free market economy
Laissez-faire
Laissez-faire is the idea that the economy should continue without interference from the government. The economy would be self correcting.
laissez-faire has no control by the government, while mercantilism is an economy controlled by the government
Capitalist economy
free market economy
Laissez-faire
False
A government with a hands off or laissez-faire approach doesn't interfere with the economy and generally stays out of the citizens lives.
The government connot interfere with economy
Laissez-faire economics helped the country industrialize. Supporters of Laissez-faire believe that government should not interfere in the economy other than protect property rights and maintain peace.
Laissez-Faire
not to interfere with the economy
noninvolvement of the government in the economy