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Laissez-Faire

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Q: Under this economic theory the government does not get involved in the economy?
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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. :)


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.


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 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 keynesianism and how does it work?

Keynesianism is an economic theory that advocates for government intervention in the economy, particularly during times of economic downturn, to stimulate demand and spur growth. It emphasizes the role of aggregate demand in shaping the overall economic output. This can be achieved through measures like government spending programs and monetary policies to stabilize 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.