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4 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)

1 Answer

5 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 Shafique
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