The correct answer is B.free market economy. The term "laissez faire" roughly translates to "let them do what they want." In terms of economics, this idea is the guideline for the free market economy. In a free market economy, the government does not interfer with businesses. Instead, the laws of supply and demand dictate what goods are produced and the prices are determined freely by businesses. A perfect free market economy would have no government involvement and there would be no laws dictating factors like minimum wage, benefits for employees, etc.
Free market economies are associated with Laissez-faire economics. The belief that prices for goods are set freely by consumers and sellers and the supply is free from monopoly or government intervention.
Related Question in History
- Allied soldiers in World War II were trapped at Dunkirk, France, and they could not escape because the shallow water kept rescue ships from landing. But hundreds of people in England took rowboats, tugs, and barges across the English Channel. For eight days, this odd navy carried soldiers from the beaches to the large ships. More than 300,000 soldiers were taken to safety. 1 What is the main idea of this passage? A Small ships are better than big ships B Many soldier were saved C Soldiers were rescued from Dunkirk by the English D The big ship could not get into shallow water?