The economic philosophy that rejects government intervention in markets is called __.

Question

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The economic philosophy that rejects government intervention in markets is called laissez-faire. It emphasizes the role of free markets, in which prices are determined by supply and demand and not by government intervention, and private enterprise. In a laissez-faire economy, the government's role is limited to protecting property rights, enforcing contracts, and providing a legal framework for the market to operate.

The Economic Philosophy That Rejects Government Intervention in Markets Is