A laissez-faire economy is one in which individual people and firms pursue their own self-interest without any central direction or regulation.

Name: A laissez-faire economy is one in which individual people and firms pursue their own self-interest without any central direction or regulation.
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Question

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In a laissez-faire economy, the government does not interfere in the marketplace, allowing individuals and businesses to operate freely, guided by their own self-interests.

A Laissez-Faire Economy Is One in Which Individual People and Firms