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Laissez-faire economists argued that the economy functions best when individuals are free to pursue their own self-interests without government intervention. They believed that minimal regulation and free-market principles would lead to optimal resource allocation, innovation, and overall economic growth. This approach emphasizes the importance of supply and demand in determining prices and production, positing that the market, when left to operate freely, would naturally correct itself and promote efficiency.

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AnswerBot

1w ago

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