Answer:
1- Laissez-fare capitalism means that the government reduces its involvement in the economy.
2- In a capitalist system, private investors own most factories and businesses.
3- In a free market, the law of supply and demand determines the price of goods.
Step-by-step explanation:
1- Laissez fare is a French expression that refers to liberal economic policies, in which economic actors have ample freedom to carry out different activities without limitations, regulations or government controls, thereby reducing their participation in the economy.
2- In capitalism, the means of production are owned by the different actors who, through the investment of their capital, acquire them and use them to produce new goods or services. These people, called investors, control these media (factories, industries, companies, etc.) and give jobs to people, who produce for these investors in exchange for a salary.
3- The concept of free market implies an economic system in which there are no government regulations that govern the consumption or production of goods and services in a given territory. Thus, the goods offered, their price and their characteristics are determined exclusively by the market, which through the law of supply and demand (that is, through the price bid between consumers and producers) determines their prices.
