Government should refrain from intervening in the economy, leaving all major decisions to the individual business leaders.
Mercantilism
Free trade
Smothsonian free market
Laissez Faire economics was a statement of a "hands off" agreement between the government of citizens. Laissez Faire basically means hands off. Adam Smith was an advocate of this idea.
Laissez-faire is the idea that the economy should continue without interference from the government. The economy would be self correcting.
laissez-faire
Free trade
Smothsonian free market
Government should refrain from intervening in the economy, leaving all major decisions to the individual business leaders.
laissez-faire
Laissez faire
Laissez Faire economics was a statement of a "hands off" agreement between the government of citizens. Laissez Faire basically means hands off. Adam Smith was an advocate of this idea.
Laissez-faire is the idea that the economy should continue without interference from the government. The economy would be self correcting.
Laissez-faire
laissez-faire
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The government should stay out of economic issues.
The idea of laissez faire in President Hoover's 1932 campaign platform was that the government should stay out of economic issues.