In a laissez-faire market there is no goverment intervention. Economic decisions are reached by the free interactions of the economic agents (households, firms and public sector) in the markets. Prices and exchanged outcomes are determined by the equilibrium between the desires of producers and consumers.
The abovementioned freedom that economic agents enjoy in the markets, allows them to be <u>as creative as they want to pursue the market outcome that they believe will be more benefitial to them. </u>Therefore, creativity is fostered in this system, if compared to systems where market outcomes are preestablished and agents can simply adapt themselves to them (for example, in a centrally planned economy).
The Great Wall of China's history began in the Spring and Autumn Period (770–476 BC), was first completed in the Qin Dynasty (221–206 BC), and was last rebuilt as a defense in the Ming Dynasty (1368–1644).
