In a laissez-faire economic system: A. government's role includes planning the economy's output. B. the government owns most nonhuman productive resources. C. the government takes on a substantial degree of economic and regulatory control over the private sector. D. government's role is limited to protecting and enforcing property rights and providing public goods.

Question

Business

Alanna Cook

8 December, 05:18

In a laissez-faire economic system: A. government's role includes planning the economy's output. B. the government owns most nonhuman productive resources. C. the government takes on a substantial degree of economic and regulatory control over the private sector. D. government's role is limited to protecting and enforcing property rights and providing public goods.

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Answers (1)

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Lyla Garrett · Answer 1

D. government's role is limited to protecting and enforcing property rights and providing public goods.

Explanation:

Laissez-faire economic system -

It refers to the theory, which does not agrees to the intervention of the government in any of the business affairs, is referred to as Laissez-faire economic system.

The basic principle of this economic system is to " leave alone ".

The government does not have any right to interfere in the business practices.

Hence, from, the given information of the question,

The correct option is d.