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What is the term used to describe a hands off approach used by the government towards the economy?
Wiki User
∙ 8y ago
Laissez Faire
Wiki User
∙ 8y ago
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What is the economy of Malta like?
Mixed economy. Free enterprise mixed with government ownership. Ever since Malta entered the European Union, the economy is moving further away from government ownership and towards privatisation.
Is it necessary to have democracy to have a free enterprise economy?
It is. However, some countries, such as China and Vietnam has tried to keep its one party policy while gradually moving towards free market economy approach.
How India is a socialist republic?
India is not a socialist republic. While the government controls a good deal of the economy, India has been moving towards a free market economy rapidly.
Who came up with the THEORY OF free market?
Adam Smith is widely considered to have been the first person to describe capitalism as we know it today. In his The Wealth of Nations, he describes an "invisible hand" that will guide the nation's economy towards the greatest good for both producer and consumer without the interference of government.
How do fraud and manipulation of market prices hurt the economy?
Fraud hurts the economy since it's abusing the system & cause corruption towards the economy.
What is the term for a government that has a hands-off approach towards and regulations?
Laissez-Faire
What is the economy of Malta like?
Mixed economy. Free enterprise mixed with government ownership. Ever since Malta entered the European Union, the economy is moving further away from government ownership and towards privatisation.
Is it necessary to have democracy to have a free enterprise economy?
It is. However, some countries, such as China and Vietnam has tried to keep its one party policy while gradually moving towards free market economy approach.
Describe the environmental scenario in India?
it is a need for revolutionary approach towards privatization
How India is a socialist republic?
India is not a socialist republic. While the government controls a good deal of the economy, India has been moving towards a free market economy rapidly.
What term best describe the US government's policies towards businesses in the late 19th century?
laissez-faire
Describe Napoleon's policies towards religion in his empire?
Freedom of and freedom from religion was an essential part of good government.
Do you find Gandhi's approach towards environment relevant in the contemporary times?
is gandhi approach towards enviroment relevant in the contemporary times
What drove china to change to a mixed economy?
China understood by experience that entirely depending on domestic market under government control is not suffice to overall development of its economy. So, even being a communist party led government, they moved towards western model of mixed economy where market is the main arbiter.
Who came up with the THEORY OF free market?
Adam Smith is widely considered to have been the first person to describe capitalism as we know it today. In his The Wealth of Nations, he describes an "invisible hand" that will guide the nation's economy towards the greatest good for both producer and consumer without the interference of government.
What is the definition of the meaning converged?
The word converge can be used in a number of different fields. For example it can be used to describe the approach towards an intersecting point. It can also be used to describe two people coming together physically. Finally, it can be used to describe people working together to produce ideas or concepts.
Describe the government of a country before a revolution takes place?
There isn't any particular type of government that is immune to revolution. Any government can become corrupt and the political winds can shift at any time towards a revolution.
