Question

The demand for wheat has increased recently. Farmers have decided to charge more for wheat. The government does not get involved. What type of economic system is being described?

Answer 1

Answer: Laissez-Faire, Capitalism, Free-Markets, all those kinds of words

Explanation: When prices rise and the government (rather wisely in my humble opinion) decides to not get involved, they are taking a hands-off approach, which is reminiscent of laissez-faire