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Which economic principle means "free to do," and was based on the idea that the market should be free from regulation and government involvement, resulting in the creation of wealth? A. laissez-faire B. mercantilism C. socialism D. communism
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Asked 9/30/2012 3:09:07 PM
Updated 4/10/2014 11:23:47 AM
1 Answer/Comment
Flagged by selymi [4/10/2014 11:23:47 AM]
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User: Which economic principle means "free to do," and was based on the idea that the market should be free from regulation and government involvement, resulting in the creation of wealth? A. laissez-faire B. mercantilism C. socialism D. communism

Question
Asked 9/30/2012 3:09:07 PM
Updated 4/10/2014 11:23:47 AM
1 Answer/Comment
Flagged by selymi [4/10/2014 11:23:47 AM]
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Laissez-faire means "free to do," and was based on the idea that the market should be free from regulation and government involvement, resulting in the creation of wealth.
Added 4/10/2014 11:23:43 AM
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Questions asked by the same visitor
Select the theory of economics which states that government should not play a role in business and supports the laissez-faire principle of "free to do." A. communism B. capitalism C. mercantilism D. socialism
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Not Answered
Updated 9/30/2012 3:38:13 PM
1 Answer/Comment
B. Capitalism states that government should not play a role in business and supports the laissez-faire principle of "free to do."
Added 9/30/2012 3:38:13 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [4/10/2014 11:25:51 AM]
Who was responsible for the development of the Communist economic theory, which states that government should control all businesses, that people should not be paid for their work, and that all products should be equally distributed amongst society? A. Marco Polo B. Karl Marx C. Theodore Roosevelt D. Franz Ferdinand
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Updated 9/30/2012 3:47:08 PM
1 Answer/Comment
B. Karl Marx was responsible for the development of the Communist economic theory, which states that government should control all businesses, that people should not be paid for their work, and that all products should be equally distributed amongst society.
Added 9/30/2012 3:47:09 PM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [3/24/2014 12:53:00 PM]
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