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Questions and Answers
What is the meaning of Laissez-Faire in the context of business and government regulation?
What is the meaning of Laissez-Faire in the context of business and government regulation?
- Government controls all aspects of business
- Business operates without government interference (correct)
- Business benefits from government regulation
- Business is heavily regulated by the government
How does Laissez-Faire relate to government regulation in business?
How does Laissez-Faire relate to government regulation in business?
- It encourages businesses to benefit from government regulation
- It advocates for businesses to operate without government interference (correct)
- It suggests that businesses should be heavily regulated by the government
- It promotes complete government control over businesses
In the context of business and government regulation, what is the opposite of Laissez-Faire?
In the context of business and government regulation, what is the opposite of Laissez-Faire?
- Business benefiting from government regulation
- Government intervention in business operations (correct)
- Business operating without any regulations
- Complete government control over businesses
