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Under this economic theory the government does not get involved in the economy?
Wiki User
∙ 9y ago
Laissez-Faire
Wiki User
∙ 9y ago
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This is a theory of government in which a single party controls the economy and production?
That would be state capitalism.
Contrast the social contract theory of government with the divine right theorywhat type of government would result from each theory?
contrast the social contract theory of government with the divine right theory. what type of government would result from each theory?
Which theory about the origins of government holds that government was created by divine power?
Divine Right Theory is the theory about the origins of government that it was created by divine power.
Which theory about the origins of government holds that government was first imposed by force?
The origin of government emphasizes the power of violence through the force theory.
Which theory supports the replacement of the government if the government begins to overstep the power it has been given?
Social Contract Theory
Under this economic theory the government does not get involved in the economy.?
Laissez-Faire
A theory that states it is healthy for the economy if the government is involved in setting economic policy is called?
Laissez-faire
Under this economics theory the government does not get involved in the economy?
Under the economic theory of a free market system, the government does not get involved in the economy. This is true to a certain extent. Government is usually involved when banks fail, larger companies fail, and when farmers need relief from lower prices.
What was the old theory of how economic depressions should be solved?
Depression should be left to be solved themselves without the Government getting involved in the economy.
What does the Keynesian economic theory suggest?
That the government oversee and regulate the balance of the economy.
What was the old theory of how economic depressions should be solved in world war 2?
Depression should be left to be solved themselves without the Government getting involved in the economy.
What was the old theory of how economic depessions should be solved?
Depression should be left to be solved themselves without the Government getting involved in the economy. oh and you misspelled "depression" too. :)
Does capitalism advocate government action to stop boom and bust cycles in the economy?
No capitalism does not advocate government action to stop boom and bust cycles in the the economy. The economic theory of Keynesian is usually what advocates it.
What is centrally planned economy with all economic with all economic and political power resting in the hands of the central government?
A centrally planned economy with all economic and political power resting in the hands of the central government is known as communism. Karl Marx developed communism into a scientific theory.
What was the old theory of how depressions should be solved?
Depression should be left to be solved themselves without the Government getting involved in the economy.
What is the theory that discouraged government interference in economic matters was?
The theory that discouraged government interference in economic matters was social Darwinism. Some social Darwinists think that governments should not interfere by trying to regulate the economy as this would take away competition and self-interest in social and business matters.
The theory of laissez faire economics called for the government to do what?
not to interfere with the economy
