Question

Which statement best describes laissez-faire economics? A. An economy that's a mixture of a market and command economy B. An economy in which governments avoid all possible interference in a free market C. An economy in which the means of production are privately owned and operated for profit D. An economy in which products are a direct result of the beliefs and customs of the population

Answer 1

It would be letter B - An economy in which governments avoid all possible interference in a free market.

The government takes a hands-off approach to industry in a laissez-faire economics. Laissez-faire is a term in economics usually referring to an economy which is completely free from government's interferences.

Answer 2

Answer:

B. An economy in which governments avoid all possible interference in a free market.

Explanation:

In most economies around the world, the government interferes with the market to various extents in order to ensure that the market does not lead to extreme inequality or other social problems. However, some economists argue that the market needs to be free of all government intervention, and that the only forces that should regulate the market are those of supply and demand. Economists who believe this support laissez-faire economics.