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Explain The Economic Policy Of Laissez Faire


Laissez-Faire is an economic policy that says governments should not interfere with the free market; let the market develop on its own.  This means that the government can not control restrictions, taxes, or businesses.  It essentially means that the economy should be left alone for people to do as they please.

Advocates for laissez-faire argue that individual self-interest and competition should dictate what happens to the market, while those against laissez-faire argue that government taxation and regulation are necessary to protecting the market.

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