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Keith_Richards [23]
3 years ago
6

How do keynesian economic policies differ from the traditional laissez-faire policies developed by adam smith?

Business
1 answer:
shusha [124]3 years ago
5 0
Keynesian economic basically means that the goverment has to step in and try to stimulate economic wealth. This is were macroeconomics comes to play. Laissez fair in Belgium means hands off or lay. This explains why laissez fair is a strategy our previous presidents used to stop the Great Depression. In other words it means the govermeant steps out of helping hand and count on capitalism.
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