Which of the following ideas is associated with laissez-faire economics?
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Free market economies are associated with Laissez-faire economics. The belief that prices for goods are set freely by consumers and sellers and the supply is free from monopoly or government intervention.
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Free market economies are associated with Laissez-faire economics. Laissez-faire is an economic theory from the 18th century that opposed any government intervention in business affairs. Laissez-faire is a French term and translates to “let you do”. The main motive of Laissez-faire is that the less the government is involved in the economy, the better off business will be. Laissez-faire economics are a key part of free market capitalism.
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