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A policiy to allow companies to be ruthless and competetive only by thier own power without government intereaction. It supports monopolistic powergrubbing and agressive takeovers of opponents, which lead to market being geared towards big rich companies with little to no small business.
There is little government regulation of business.
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∙ 10y ago
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Which phrase best describes the economic policy of laissez- fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which phrase best describes the economic policy of laissez-fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
What phrase can be used to describe the economic policy of laissez-faire?
The economic policy of laissez-faire is minimum intervention by governmental bodies into commercial and business affairs.Laissez-faire could be described as everything will work it self out if you leave it alone.
What is the opposite of laissez-faire economic policy?
Active government intervention
Hands off economic policy is also known as what?
Laissez-faire
Economic policy by which the government minimizes its regulation of industry?
laissez-faire laissez-faire
Which phrase best describes the economic policy of laissez- fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which phrase best describes the economic policy of laissez-fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
What phrase can be used to describe the economic policy of laissez-faire?
The economic policy of laissez-faire is minimum intervention by governmental bodies into commercial and business affairs.Laissez-faire could be described as everything will work it self out if you leave it alone.
What is the opposite of laissez-faire economic policy?
Active government intervention
Hands off economic policy is also known as what?
Laissez-faire
What is the laissez-faire economic policy?
Laissez faire is the economic policy of a free market economy, this means a lot of competition between companies and very little government intervention in the economy.
What is the french word of let alone policy?
The economic policy of LAISSEZ-FAIRE, which argued the governments should not involve themselves in economic affairs, comes from the French for "let do" or "leave alone".
A laissez faire economic policy would .?
A laissez faire policy is when the government won't interfere beyond necessary with the business or trade in economic affairs. Laissez faire translated to English means "let go" or "let do". This can be expanded to "Let people do as they please/choose". A laissez faire economic policy would: Allow the economy to fix itself. Advocate markets without government interference. Not interfere with transactions among the public (no taxes or tariffs). Limit the role of the state in economic and other policy.
What would a laissez faire economic policy do?
A laissez faire policy is when the government won't interfere beyond necessary with the business or trade in economic affairs. Laissez faire translated to English means "let go" or "let do". This can be expanded to "Let people do as they please/choose". A laissez faire economic policy would: Allow the economy to fix itself. Advocate markets without government interference. Not interfere with transactions among the public (no taxes or tariffs). Limit the role of the state in economic and other policy.
What is it called when the government takes a hands off approach to businesses?
In certain situations the term of laissez-faire is used. That however is a term for economic policies of 18th and 19th centuries. Currently, a better term for less government regulations can be lower rates of taxation and less regulation when it comes to describing economic policy.
What is an economic policy in which a government does not become involved in business affairs?
laissez faire capitalism
