The term laissez-faire means that:
A) the government should regulate industries.
B) key industries should be owned by the government.
C) there should be limited intervention by the government in business activity.
D) the government should leave business activities to function according to the laws of economics.
Correct Answer:
Verified
Q46: _ not only provide factors of production
Q47: _ allocates the goods and services produced
Q48: The free market system was espoused by
Q49: Demand is the quantity of product that
Q50: Under a socialist economic system,the government owns
Q52: Among free market theorists,the principle of laissez-faire
Q53: As factors of production -- equipment,buildings,vehicles,and cash
Q54: _ study the interactions between households and
Q55: When government-owned businesses convert to private ownership,they
Q56: Previously communist economies,such as those of Eastern
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