Question

Will gave brainllest! Choose. What did the laissez-faire economic theory state? "

a. If business was left unregulated, it would act to benefit the nation.

b. Highertariffs on foreign goods would help American companies.

c.The United States should stay out of other nation’s affairs.

Answer 1

A. if a buisness was left, it would act to benefit the nation

Step-by-step explanation:

According to laissez-faire economic theory , The market will essentially determine which action is the best for the country economically if the government did not make any form intervention to it.

Supporters of laissez-faire economic argued that this freedom will encouraged people to compete and produce as much wealth as possible . The country will benefit from this increase in wealth.

But during the implementation, this viewed possessed a lot of problem.

For example, government interventions are the one that create draws to make sure that businesses competition run fairly without any intervention. Without it, businesses will most likely compete by utilizing dirty tricks to cut off their competitors.