Which of the following best describes the concept of laissez-faire?
A)Government should not intervene in the economy.
B)Government should actively intervene in the economy whenever it judges the action to be beneficial.
C)Government should intervene in the economy only to promote short-term economic stability.
D)Government should intervene in the economy only to maximize long-term growth rates.
E)Government should intervene in the economy only when the economy is not at full employment or there is substantial inflation.

Question

Quizplus · Accepted Answer

The concept of laissez-faire is that the government should not intervene in the economy and that the market should be allowed to operate freely without interference from the government.

Which of the Following Best Describes the Concept of Laissez-Faire