0
It means a lack of involvement on the part of the government to see how the events or problem turns out.
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.
Douglas Powlowski
Wiki User
∙ 11y agoLaissez-faire, from the French "allow to do", the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs. The doctrine of laissez-faire is usually associated with the economists known as Physiocrats, who flourished in France from about 1756 to 1778.
Wiki User
∙ 12y agoIt means that there shouldn't be too much government intervention. The role of the government is limited. The goverement shouldn't, for example, fix the price of something because the free market will set the correct price. If something is too expensive than producers will be encouraged to supply more of the product which in turn will increase the amount available and the price will fall, eventually.
Add your answer:
Earn +20 pts
Which is a laissez faire policy?
There is little government regulation of business.
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 groups favored a laissez-faire policy because it allowed them to do as they pleased?
The laissez faire policies favored the business and factory owners at the expense of workers.business owners
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.
Which is a laissez faire policy?
There is little government regulation of business.
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 groups favored a laissez-faire policy because it allowed them to do as they pleased?
The laissez faire policies favored the business and factory owners at the expense of workers.business owners
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 an economic policy in which a government does not become involved in business affairs?
laissez faire capitalism
Jackson's laissez-faire economic policy featured?
less government aid to business.
What were key features of the republican administration of the 1920s?
isolationism and laissez-faire business policy
Economic policy by which the government minimizes its regulation of industry?
laissez-faire laissez-faire
What groups favored a Laissez-faire policy because it allowed them to do as they please?
Generally, business owners were in favor of laissez-faire systems because the business owners would be free of any and all regulations.
What is laissez-faire policy?
the economic policy of letting owners of industy and business set working condition without interference
What is the key part of laissez-faire economic policy?
government allows business to run without interference
