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Q: "Laissez faire" economics recommends (Points : 1)
A: Laissez-faire literally translates to "let do," but is closer in meaning to "let it be." It is the philosophy that business runs better when there is less interference by the government. [ What we now call the "free market economy." If you want to learn about that kind of economics, and see a good comparison of that and other types of economy, I recommend "Basic Economics" by Thomas Sowell.
Dr. Sowell was an economics professor at several colleges and is currently a fellow at Cornell's Hoover Institution. It is likely that he knows a thing or two about the subject ]
Expert answered|bernalB|Points 0|
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Asked 7/7/2012 1:09:28 PM
Updated 9/6/2013 8:06:18 PM
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allowing a free market to operate.
Added 9/6/2013 8:06:18 PM
Rated good by mnm
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