Which statement represents a central idea of

laissez-faire economics?

(1) Class struggles are based on inequities.

(2) Workers should form unions to better their

conditions.

(3) Prices are best determined by supply and

demand.

(4) The government should own all means of

production.

Question

Braxton Ballard

History

22 September, 23:10

Which statement represents a central idea of

laissez-faire economics?

(1) Class struggles are based on inequities.

(2) Workers should form unions to better their

conditions.

(3) Prices are best determined by supply and

demand.

(4) The government should own all means of

production.

+5

Answers (1)

Know the Answer?

Beatrice Mueller · Answer 1

"(3) Prices are best determined by supply and demand" is a statement that represents a central idea of laissez-faire economics, with little government regulation.

Which statement represents a central idea oflaissez-faire economics?(1) Class struggles are based on inequities.(2) Workers should form unions to better theirconditions.(3) Prices are best determined by supply anddemand.(4) The government should own all means ofproduction.

Which statement represents a central idea of

laissez-faire economics?

(1) Class struggles are based on inequities.

(2) Workers should form unions to better their

conditions.

(3) Prices are best determined by supply and

demand.

(4) The government should own all means of

production.