Question

In the Wealth of Nations, Adam Smith lays the ground work for the Laissez-Faire Policy of Economic. The belief of Laissez-Faire Economics is that Government should have what type of role in the National Economy:

Answer 1

Laissez-faire is an economic policy that states that the government should play a leading role in the economy, limited to only protecting individual property rights.

Step-by-step explanation:

Laissez-faire is the economic doctrine that represents economic liberalism, which is adopted in the USA and in some European countries. This doctrine is associated with capitalism and states that a country's market must be established without government interference, operating freely and self-regulating. The government's role in this case is limited and coincides only with the protection of property rights and other possible individual rights.