Asked by
Paris Nance
on Nov 25, 2024Verified
Which of the following is a distinguishing feature of laissez-faire capitalism?
A) public ownership of all capital
B) central planning
C) minimal government intervention
D) a circular flow of goods, resources, and money
Laissez-faire Capitalism
An economic philosophy advocating for minimal government intervention in the market.
Minimal Government Intervention
Minimal government intervention refers to an economic policy or philosophy where the government has a very limited role in the economy, allowing the market to operate with minimal regulatory influence.
- Recognize the traits and repercussions of market economies compared to command economies.
Verified Answer
AC
Learning Objectives
- Recognize the traits and repercussions of market economies compared to command economies.
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