Which of the following is NOT a key aspect of laissez-faire economics?

Study for the FBLA Exploring Economics Test. Master key concepts with flashcards and multiple choice questions, each offering hints and answers. Prepare confidently for your exam!

Laissez-faire economics emphasizes minimal government intervention in the free market. The correct answer highlights a fundamental principle of this economic approach, which is the belief that government should not interfere with the operations of private businesses. By inviting government control over private enterprises, it undermines the core philosophy of laissez-faire that advocates for free-market competition and individual entrepreneurship without excessive regulation.

In laissez-faire economics, the government typically has limited roles focused on ensuring the legal framework necessary for a functioning economy, such as protecting property rights and defending against external threats, rather than controlling or managing the businesses themselves. Additionally, while there may be a need to provide some public goods, the overall idea is that the market would mostly regulate itself efficiently when individuals act in their self-interest. Thus, the involvement of government in controlling businesses is counter to the principles of laissez-faire.

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