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Paris Nance
on Nov 25, 2024

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Which of the following is a distinguishing feature of laissez-faire capitalism?

A) public ownership of all capital
B) central planning
C) minimal government intervention
D) a circular flow of goods, resources, and money

Laissez-faire Capitalism

An economic philosophy advocating for minimal government intervention in the market.

Minimal Government Intervention

Minimal government intervention refers to an economic policy or philosophy where the government has a very limited role in the economy, allowing the market to operate with minimal regulatory influence.

  • Recognize the traits and repercussions of market economies compared to command economies.
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Andrew ComerNov 27, 2024
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