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12 April, 17:00

What is the role of the government in a laissez-faire economy?

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Answers (2)
  1. 12 April, 17:40
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    They have no role in the economy, it is a "hands-off" economy.
  2. 12 April, 17:59
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    Laissez-faire means let them act. In a laissez-faire economy, the role of the government is minimal. Rather, the economy is guided by the invisible hand, the forces of self-interest and competition working together to provide what consumers want at reasonable prices.
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