The economic theory of the Manchester school states that governments should regulate the economic life of a nation in order to ensure a more productive use of human capital.

Question

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The economic theory of the Manchester school, also known as the classical liberal school, emphasizes the importance of free markets and limited government intervention in the economy. Therefore, the statement that governments should regulate the economic life of a nation contradicts the principles of this school of thought.

The Economic Theory of the Manchester School States That Governments