Which of the following BEST describes a laissez-faire economic policy? The government should leave business alone.
The driving principle behind laissez-faire, a French term that translates to "leave alone" (literally, "let you do"), is that the less the government is involved in the economy, the better off business will be, and by extension, society as a whole. Laissez-faire economics is a key part of free-market capitalism.
The term laissez faire refers to the economic policy of letting owners of industry and business set working conditions without interference . This policy favors a free market unregulated by government.
The philosophy that government should keep its hands off the economy. In Laissez-Faire economics, the government's role is strictly limited to those few actions needed to ensure free competition in the market[in other words, some sort of regulations so their isn't dirty play].
In laissez-faire policy, the government's role is to protect the rights of the individual, rather than regulating business in any way. The term 'laissez-faire' translates to 'leave alone' when it comes to economic intervention. This means no taxes, regulations, or tariffs.
The correct answer is No Government intervention.
It gives all people a fair amount of money and enough money to live on.
An example of laissez-faire economics is where nations remove all trade barriers. For example, most nations levy a tax on imported goods, usually at varying rates depending on the product. Laissez-faire economics removes such barriers and instead allows the market to decide.
What is laissez-faire capitalism? The government not regulating business. How were pro-business views assisted in the government during the 1920s? They were shifting the country away from the economic regulation that had been favored by progressives.
Supporters of laissez-faire economics believe the government should not interfere in the economy other than to protect private property rights and maintain peace.
What is the role of government under Adam Smith's laissez-faire philosophy? The role of government is confined to protecting private property, enforcing contracts, settling disputes, and protecting businesses against foreign goods.
What do laissez-raise supporters believe about tariffs? Supporters say the factors played a major role in the country's economic growth. How did high tariffs hurt many Americans? High tariffs contradicted laissez-faire ideas, hurting many American companies trying to sell goods abroad.