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Q: What are the limitations of a laissez faire economy?
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What is the best description of Laissez-Faire in economics?

Laissez-faire is the idea that the economy should continue without interference from the government. The economy would be self correcting.


Difference between laissez- faire and mercantilism?

laissez-faire has no control by the government, while mercantilism is an economy controlled by the government


With which form of economy is the term laissez faire associated?

Capitalist economy


What is the nickname for laissez faire?

free market economy


What is no government interference in the economy called?

Laissez-faire


In a socialist economy the government takes a laissez-faire approach to the economy?

False


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.


What are the dangers of laissez faire?

The government connot interfere with economy


How did laissez faire economics promote industrialization?

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.


Under this economic theory the government does not get involved in the economy?

Laissez-Faire


The theory of laissez-faire economics called for the government to do what?

not to interfere with the economy


The theory of laissez-faire capitalism advocates?

noninvolvement of the government in the economy