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laissez faire capitalism

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Q: What is an economic policy in which a government does not become involved in business affairs?
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Economic policy in which government does not become involved in business affairs?

capitalism


Who is the Economic Minister of Denmark?

Morten Østergaard is the Minister of Economic and Business Affairs.


What did laissezfaire supporters believe about the role of government in economic affairs?

Entrepreneurs


Do libertarians oppose government intervention in both economic affairs and in the private lives of citizens?

they opposed government intervention only in the economic sector


What is the the type of economy where people carry on their economic affairs freely but are subject to some government intervention and regulation?

When people can carry out their economic business freely but are also subject to some government intervention and regulation, that is called a mixed economy. It is a mixture of capitalism and socialism.


On what issues may business become involved to protect and improve the welfare of society?

urban affairs, consumer affairs, environmental affairs, and employment practices


Under the theory of social Darwinism the government's role in business is?

to stay out of the affairs of business


What is the principle of Laissez Faire?

the principle of opposing government interference in economic affairs


What did laissez- fairs supporters believe about the role of government in economic affairs?

Entrepreneurs


What laissez faire supports believe about the role of government in economic affairs?

Entrepreneurs


A person who favors government intervention in both social and economic affairs?

liberal


Which best describes Eisenhower's approach to the role of government in economic affairs?

interventionist.