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What terms is most closely associated with free-market economics?
Laissez-faire
Which idea is most closely associated with laissez-faire economics?
Free trade
What were Adam Smith's views of laissez faire economics?
He was a strong supporter of laissez faire economics
Who promoted laissez faire economics?
FDR
How did laissez faire economics promote industrialization?
Laissez-faire economics helped the country industrialize. Supporters of Laissez-faire believe that government should not interfere in the economy other than protect property rights and maintain peace.
What terms is most closely associated with free-market economics?
Laissez-faire
Which idea is most closely associated with laissez-faire economics?
Free trade
What were Adam Smith's views of laissez faire economics?
He was a strong supporter of laissez faire economics
What idea is most closely associated with laissez-faire economics?
Government should refrain from intervening in the economy, leaving all major decisions to the individual business leaders.
Who promoted laissez faire economics?
FDR
How did laissez faire economics promote industrialization?
Laissez-faire economics helped the country industrialize. Supporters of Laissez-faire believe that government should not interfere in the economy other than protect property rights and maintain peace.
Who invented laissez-faire economics?
Adam Smith
Did Socialists want to reform Laissez-faire Economics?
No.
Which economic system does laissez faire favor?
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
Who is a laissez faire leader?
A laissez-faire leader is a leader who advocates free market economics with as little government intervention as possible.
Laissez-faire economics was a doctrine proposed by who?
Adam Smith.
Laissez-faire economics involves?
little government intervention
