A) No government intervention
B) Market forces are highly regulated
C) It is a socialist system
D) Maximum government intervention
Correct Answer: A
Solution :
Laissez-faireis an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies. The theory of laissez-faire economics includes first and foremost that the natural world is a self-regulating system, and that natural regulation is the best type of regulation.
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