Which theory was opposed by the capitalists and traders?

Socialism

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Marxism

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Capitalism

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Laissez-Faire

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Solution

The correct option is D Laissez-Faire
By this theory, capitalists and traders pleaded that the state had no right to interfere in the affairs of the factories and trade.

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Similar questions

Q27. The term “Laissez-faire” associated with capitalist economy connotes

i) Free market

ii) Non-intervention by the government

iii) Intervention by the government

iv) None of the above

which of the above statements is/are true

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