The government policy that allows the marketplace to operate unhindered is called________.

Question

Quizplus · Accepted Answer

Laissez-faire is a government policy that advocates for minimal interference or regulation in the marketplace to allow free competition and economic growth. Monopolistic free trade implies the presence of monopolies and is, thus, inconsistent with a truly free market. Egalitarianism aims at reducing inequalities in society, which is not necessarily an economic policy. Taylorization refers to a system of factory management designed to boost efficiency and productivity, which is again, not directly related to government policy towards the market. Therefore, A (laissez-faire) is the best answer.

The Government Policy That Allows the Marketplace to Operate Unhindered