What is the basic policy conclusion of neoclassical economics

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Neoclassical economics is based on the idea that free-market capitalism works best when left alone by the government. The market is seen as self-regulating and efficient, and any government intervention would only interfere with this efficiency. This is known as the "invisible hand" theory, where the market is guided by the forces of supply and demand. Therefore, the basic policy conclusion of neoclassical economics is that free-market capitalism works well as long as the government does not intervene.

What Is the Basic Policy Conclusion of Neoclassical Economics