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What economic idea did the us adopt from Adam smith?
Laissez-faire
What is The idea that government should not interfere in the lives of people was known as .?
laissez-faire
What is it called when the government takes a hands off approach to businessess?
A government with a hands off or laissez-faire approach doesn't interfere with the economy and generally stays out of the citizens lives.
Under this economic theory the government does not get involved in the economy?
Laissez-Faire
What were some of Hoover's administrative policies that led to the Depression?
laizzez faire
Related Questions
What is the connection between the policy of Iaissez faire and natural economic laws?
A laissez faire economy has minimal intervention thus making it fall into all of the many many natural laws of economics existing
Why did smith support laissez faire?
Smith believed that the standard of living could be attained but only through a minimum of regulation & control by governments.
Why did Smith support Laissez-faire?
Smith believed that the standard of living could be attained but only through a minimum of regulation & control by governments.
Who advocated the theory of laissez faire?
Adam Smith
Who created laissez-faire?
Adam Smith
Who supported laissez faire?
Adam Smith
What were Adam Smith's views of laissez faire economics?
He was a strong supporter of laissez faire economics
Who invented laissez-faire economics?
Adam Smith
Laissez-faire economics was a doctrine proposed by who?
Adam Smith.
Why is Adam Smith considered an Laissez-faire leader?
It was his philosophy.
What was Adam Smith the leading advocate of?
laissez-faire economics
What was Adam smith's ideal form of government?
Laissez-faire
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