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Laissez Faire is an economic theory from the 18th century that is strongly opposed to any government intervention in business affairs. Sometimes referred to as "let it be economics."Laissez-faire is an economic environment in which transactions between private parties are free from tariffs, government subsidies, and enforced monopolies, with only enough government regulations sufficient to protect property rights against theft and aggression. People who support a laissez faire system are against minimum wages, duties, and any other trade restrictions.
Laissez faire is French for "leave alone."
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What describes the economic theory of laissez-faire?
Laissez-faire is French for “let happen” not to control, but keeping hands off.
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
The theory of laissez-faire economics called for the government to?
not interfer with the economy
What does The theory of laissez-faire capitalism advocates?
noninvolvement of the government in the eoconomy
What is laissez -faire theory?
Laissez faire refers to a type of government theory. It states that a government runs more smoothly when the leaders approach it with a hands-off style.
What describes the economic theory of laissez-faire?
Laissez-faire is French for “let happen” not to control, but keeping hands off.
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
The theory of laissez-faire economics called for the government to?
not interfer with the economy
Under this economic theory the government does not get involved in the economy.?
Laissez-Faire
What theory of laissez-faire economics call for the government to do?
not to interfere with the economy
What does The theory of laissez-faire capitalism advocates?
noninvolvement of the government in the eoconomy
Neoclassical economists supported Adam Smith's theory of?
laissez-faire
Who advocated the theory of laissez faire?
Adam Smith
Which phrase best illustrates the theory of laissez-faire capitalism?
h
