Economics · Economic Systems and Theories
What core principle does the economic doctrine of laissez-faire emphasize?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1High tariff walls and protectionist measures to prevent foreign competition
- 2The elimination of private property rights in favour of collective ownership
- 3Complete government control over production and pricing mechanisms
- 4The superiority of free markets and free trade over state intervention✓
Correct answer
The superiority of free markets and free trade over state intervention
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economic Systems and Theories MCQs →Want more practice questions on Economic Systems and Theories?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economic Systems and Theories