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26 votes
26 votes
Explain (a) How does laissez faire

differ from a centrally planned gov-
ernment? (b) Do you think a pure
laissez faire system could work?
Why or why not?
(ECONOMICS)

User Vinayagam
by
2.6k points

1 Answer

11 votes
11 votes

Answer:

Laissez faire differed from a centrally planned government because it gave consumers choice unlike a centrally planned government which severely restricted consumer freedoms.

Explanation:

A laissez faire system could not on its' own function in a successful manner as there would need to be regulations on the market and businesses which in a purely laissez faire run economy said restrictions are not present.

User Eoinmullan
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2.7k points