SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    Under the system of Laisez faire:
    1. All economic decisions are left to market.
    2. The government has negligible role.
    Choose the correct one:

    A)  Only 1 

    B)  Only 2

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: C

    Solution :

    [c] The driving idea behind laissez-faire as a theory was that the less the government is involved in free market capitalism, the better off business will be, and then by extension society as a whole.

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