Economics · Economic Systems
Capitalism is heavily based upon a 'Laissez-faire system'. What does 'Laissez-faire' denote?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Complete state ownership of production assets
- 2Minimal role of market demand and supply forces
- 3Maximum governmental control and intervention
- 4No governmental intervention in economic transactions✓
Correct answer
No governmental intervention in economic transactions
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