Question

Which of the following ideas is associated with laissez-faire economics?
A.
command economy
B.
free market economy
C.
mixed market economy
D.
socialist economy
E.
traditional economy

Answer 1

answer
______

e) traditional economy

Answer 2

The answer to this question is option “B” which states “free market economy.

In the Laissez-faire economics system, two private parties can transact with each other without the government intervention.

The tariffs, regulations, subsidies or privileges are not intervened by the government.

This concept originated in France.

Apart from the above one of the fundamentals is that the citizens must look at the working of the corporations.