Answered

Which of the following describes laissez-faire economics?

A. An economic system with limited government involvement
B. An economic system completely controlled by the government
C. An economic system with no government involvement



Answer :

GinnyAnswer

Final answer:

Laissez-faire economics advocates for limited government involvement in market affairs to promote free markets and efficiency.


Explanation:

Laissez-faire economics is a type of economic system that advocates for limited government involvement in market affairs, emphasizing free markets and minimal regulation. It believes that private markets can operate more efficiently without excessive government intervention. This approach was prominent in the United States in the late 1800s but later faced scrutiny due to issues like monopolies and lack of competition.


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