Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the characteristic of Laissez-Faire in relation to government regulation?
What is the characteristic of Laissez-Faire in relation to government regulation?
- It depends on government regulation for business benefits
- It opposes government regulation for business benefits (correct)
- It is indifferent to government regulation for business benefits
- It actively seeks government regulation for business benefits
How does Laissez-Faire ideology view government intervention in business?
How does Laissez-Faire ideology view government intervention in business?
- As a hindrance to economic progress and individual freedom (correct)
- As a means to promote fair competition and consumer protection
- As necessary to maintain social welfare and wealth redistribution
- As essential for economic growth and development
What is the stance of Laissez-Faire towards government regulation and business?
What is the stance of Laissez-Faire towards government regulation and business?
- It advocates for strict government control over business operations
- It seeks a balance between government regulation and free-market practices
- It promotes minimal government intervention in business affairs (correct)
- It supports complete government ownership of all businesses
Flashcards are hidden until you start studying
