Adam Smith
Adam Smith
Laissez-faire is French for “let happen” not to control, but keeping hands off.
not to interfere with the economy
noninvolvement of the government in the economy
not interfer with the economy
noninvolvement of the government in the eoconomy
Laissez-faire is French for “let happen” not to control, but keeping hands off.
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.
Laissez-Faire
not to interfere with the economy
noninvolvement of the government in the economy
not interfer with the economy
Laissez-Faire
not to interfere with the economy
noninvolvement of the government in the eoconomy
laissez-faire
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Laissez-faire theorists argue that the market forces of SUPPLY AND DEMAND will serve to set prices and wages in the marketplace.