Richard is of the opinion that governments should manage economic forces in a free manner.He feels that in this way,equity and justice would be given to everyone.Hence,Richard is an advocate of the ________ approach.

Question

Quizplus · Accepted Answer

Richard is in favor of a laissez-faire approach where the government does not interfere with economic forces and allows the market to operate freely. This approach is based on the belief that the market will naturally allocate resources efficiently and deliver the best outcome for everyone.

Richard Is of the Opinion That Governments Should Manage Economic