What was the Theory that called for no invention of the government in the economy is called?

1 answer

Answer

1145388

2026-03-15 23:16

+ Follow

The theory that advocates for minimal or no government intervention in the economy is known as laissez-faire economics. This approach emphasizes free markets, where supply and demand are allowed to operate without government interference, leading to the belief that this will result in the most efficient allocation of resources. Proponents argue that individual self-interest drives economic growth and innovation.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.