3 years ago

DESCRIBE THE "LAISSEZ FAIRE" APPROACH TO CAPITALISM

1 answer:

8 0

The laissez faire system of economics is based on the desire of those who deal with trading to build the economy on their own. What it means is that they want an economy without government intrusions and interventions. In short, it's like live and let live. The government does not impose regulations and rules about trade and people trade how they wish. They pay their taxes and everyone is happy.

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