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What is the term used to describe a hands off approach used by the government towards the economy?
Laissez Faire
Whose theory of economics believed in a hands-off approach with respect to the government's involvement in the economy?
adam smith
An economic system run by the government is?
Any governmental system that takes a lazze-faire (hands off) approach to the market is not responsible for how the economy is run.
What happens with laissez-faire economic policy?
The government takes a "hands off" approach to businessesThe government takes a "hands off" approach to businesses.
Who is theory of economics believed in a hands off approach with the respect of the government involvement in the economy?
The theory of economics that advocates for a hands-off approach regarding government involvement in the economy is known as laissez-faire economics. This concept is closely associated with classical economists like Adam Smith, who argued that free markets operate most effectively without government intervention. Proponents believe that allowing the forces of supply and demand to dictate market dynamics leads to optimal outcomes for society.
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 is the term used to describe a hands off approach used by the government towards the economy?
Laissez Faire
Whose theory of economics believed in a hands-off approach with respect to the government's involvement in the economy?
adam smith
What happens with laissez - faire economic policies?
The government takes a "hands off" approach to businesses
An economic system run by the government is?
Any governmental system that takes a lazze-faire (hands off) approach to the market is not responsible for how the economy is run.
Which government needs to keep their hands off the economy?
laissez faire means government need to keep their hands off the economy true or faluse
A french term that means hands off approach?
Laizze-Faire
What is the term for a government that has a hands-off approach towards and regulations?
Laissez-Faire
What is called when the government takes a hands off approach to businesses?
laissez-faire
What happens with laissez-faire economic policy?
The government takes a "hands off" approach to businessesThe government takes a "hands off" approach to businesses.
What is the major difference between the classical model and the Keynesian model?
The major difference between the classical model and the Keynesian model is their approach to government intervention in the economy. The classical model believes in a hands-off approach, where the economy will naturally correct itself, while the Keynesian model advocates for government intervention to stimulate economic growth and stabilize fluctuations.
A laissez-faire system is one in which?
Government takes a hands off approach to business
