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What is an economic policy in which a government does not become involved in business affairs?
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Idea that government should play as small a role as possible ing economic affairs?
Laissez Faire
Why did some Americans oppose to the Truman Doctrine?
Some people opposed the Truman Doctrine because the plan ultimately ended up reversing the government's earlier decision not to get involved in European affairs. Many people wanted the U.S. to mind it's own business so as not to get involved in another war.
Definition of domestic affairs?
Domestic affairs, in relation to presidents (except Bill Clinton) refer to things that are happening in politics and government in the US - the opposite of domestic affairs is foreign affairs, and that involves international politics.
Is foreign affairs the duty of the state government?
no, the federal government is responsible for foreign affairs.
A person skilled in government affairs is a?
statesman
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
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.
What is politics and what is economics?
Politics deals with how to govern or control, to manage public affairs. Economics discusses economic policy. It takes a government to govern and to control, but it is the government to execute its economic policy.
