2006-12-22 04:02:53 · 5 answers · asked by Anonymous in Social Science ➔ Economics
laissez-faire means without government intereference. some dude named adam smith believed that there is an invisible hand that moves the economy, and there is no need for the authorities to disrupt its powerful movement.
2006-12-23 04:31:58 · answer #1 · answered by juandc 2 · 0⤊ 0⤋
Laissez-faire is a policy by which the government is bribed to look the other way while the dictators in the private power structure cheat their employees and customers. The Lazy Fairies want to make easy money undemocratically through the disenfranchised citizens' hard work, determining arbitrarily what wages and prices will be. In a rat race, the rats win.
2006-12-22 05:11:03 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Laissez-faire roughly translates to "let it be"; which means the government takes a "hands-off" role in economic regulation.
2006-12-22 04:50:02 · answer #3 · answered by intelbarn 3 · 2⤊ 0⤋
It means --GASP-- liberty.
A transaction between two private parties (example: customer and car dealership owner) is not interfered with by a third party (government).
You could be the customer or the dealership owner.
If either party does not like the deal, walk away.
.
2006-12-22 09:55:39 · answer #4 · answered by Zak 5 · 0⤊ 0⤋
It is an economy running without government interference.
This would only happen when the economy is stable.
Not dropping or rising.
2006-12-22 05:11:23 · answer #5 · answered by Aussies-Online 5 · 1⤊ 1⤋