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The term laissez faire refers to an economic system that is characterized by?
Wiki User
∙ 12y ago
little governmental involvement in business and financial matters
Wiki User
∙ 12y ago
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Which term refers to an economic system in which the government has as little involvement as possible?
laissez-faire
Which term refers to an economic system in which the government has a little involvement as possible?
laissez-faire
Which economic system does laissez faire favor?
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
Which economic system is laissez faire most commonly associated with?
capitalist
What economic system has the least government control?
The Free Market Enterprise system (aka: Capitalism). its laissez faire
Which term refers to an economic system in which the government has as little involvement as possible?
laissez-faire
Which term refers to an economic system in which the government has a little involvement as possible?
laissez-faire
Which economic system does laissez faire favor?
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
In Which type of economic system does the government make no economic decision?
There are several such systems, but the most popular is the laissez-faire system.
Which economic system is laissez faire most commonly associated with?
capitalist
What economic system has the least government control?
The Free Market Enterprise system (aka: Capitalism). its laissez faire
What is laissez faire system?
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.
Which term refers to an system in which the government has as little involvement as possible?
laissez-faire
In which type of economic system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
Which of these describes the economic theory of laissez-faire?
An economic system should be driven by free market forces, not government intervention. A+
People who operate using the laissez-faire economic system would most likely do which of these?
Kepler
What is the role of a government in a laissez faire economic system?
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.
