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Economy

As economists...

Question

As economists, we refer to the doctrine that holds that government should leave economic affairs primarily to the market as:

A

Capitalism

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B

Laissez-faire

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C

Communism

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D

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Solution

The correct option is B Laissez-faire
Laissez-Faire is the French term for free trade. It is a system in which the government doesn't interfere much in the economy of the country and leaves its functioning to the market. Thus, Laissez-Faire is the right answer.

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