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What is the Laissez-faire economic theory?

Economic laissez-faire Theory
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What is the Laissez-faire economic theory?

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Laissez-faire (French for “leave it be”) economic theory argues that the economy works best when it is governed solely by market forces. There should be no government intervention in the form of taxes, unions, duties, tariffs, quotas, restrictive laws, monetary policy, etc. The market is left to run on its own.

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