Question

Which of the following ideas is associated with laissez-faire economics?Select one of the options below as your answer: A. command economy B. free market economy C. mixed market economy D. socialist economy E. traditional economy

Answer 1

I believe the answer is B,Free Market Economy. "Laissez-Faire" roughly translates to "Let it be" and it was believed to be a good economic system at the time.

Answer 2

The answer is letter B. Laissez-faire is a policy where the system is allowed to take its on course. Free market trade is similar to laissez-faire because of it allows market to trade freely without government intervention. Laissez faire is also closely related to the idea of Capitalism