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

Anna Mcgrath

Business

17 May, 06:01

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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Drew Stanton · 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.