Explain the term laissez-faire, Microeconomics

Assignment Help:

Explain the term Laissez-Faire

The term "laissez-faire" is used to explain an economic system where the government intervene as little as possible and leave the private sector to organise most economic activity by markets. Classical economists were great advocates of a laissez-faire system with minimal government intervention. They believed free markets were the best organisers of economic activity


Related Discussions:- Explain the term laissez-faire

Theory of Profit Maximization, arguments in favour and against of Theory of...

arguments in favour and against of Theory of Profit Maximization

Explain labour intensity, Q. Explain Labour Intensity? Labour Intensity...

Q. Explain Labour Intensity? Labour Intensity: Ratio of labour effort expended, compared to total on-the-job compensated labour time. A higher ratio of labour intensity reflect

Economics, Ask questiowhat are the importance of the branches of economics

Ask questiowhat are the importance of the branches of economics

Price Elasticity, About four years ago, Kanye West performed at the UIC Pav...

About four years ago, Kanye West performed at the UIC Pavilion. General admission tickets were priced at $30. Concert promoters say that price elasticity of demand for general admi

Marginal product, I am having a hard time figuring out how to find marginal...

I am having a hard time figuring out how to find marginal product.

Marginal utility, discuss how economic theory explains the optimum pattern ...

discuss how economic theory explains the optimum pattern of consumption of an individual consumer

Limitations of the services sector, Limitations of the Services Sector: ...

Limitations of the Services Sector: The services sector in India, as at present, suffers from low productivity and low quality in spite of fairly large investment in technolog

How the classical school views the role of markets, Explain the how the cla...

Explain the how the classical school views the role of markets and government intervention in fighting business cycles The classical school believes in the smooth functioning o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd