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