He thought the economy would do better by finding efficiency and wealth through the "Invisible Hand" of the market. He felt that government intervention weakened the economy. He also thought that the government would set up a system where businesses would start to band together to try to extract favors from the government, thus, the businesses would work together and not compete, which would make their product prices raise, and their product value and quality fall.
When economists use the term "laissez-faire," they are referring to the idea that "<span>C. Government should not interfere with business practices", since this term implies a "hands off" approach to the economy. </span>
Answer:
Explanation: European interest in China dates back to Marco Polo, the Venetian explorer who completed two expeditions to China in the late 1200s. Polo published a widely read account of his voyages. For generations, his work remained the only authoritative European text on China. The Age of Exploration in the 1500s produced an increase in Western expeditions into Asia. Over the next three centuries, Britain, France, Spain, Holla…
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