Answered

What is the laissez-faire approach to the economy?

A. In a laissez-faire approach to the economy, the ruling elite makes all important economic decisions.
B. In a laissez-faire approach to the economy, the government stays out of economic affairs.
C. In a laissez-faire approach to the economy, all important economic decisions are decided by a democratic vote.
D. In a laissez-faire approach to the economy, the government heavily regulates all economic affairs.



Answer :

GinnyAnswer

Final answer:

Laissez-faire economics advocates for minimal government intervention in economic affairs to allow markets to operate freely and efficiently.


Explanation:

Laissez-faire economics is the belief that economic markets should operate entirely free of government intervention to function most effectively and efficiently. This hands-off approach allows corporations to operate with limited tax and regulatory burdens, promoting free-market capitalism. Advocates of laissez-faire policies oppose government interference in economic affairs, trusting private markets to determine growth and success.


Learn more about Laissez-faire Economics here:

https://brainly.com/question/2624301


Other Questions