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    Question

    The term ‘Laissez-Faire’ is associated with which

    type of economic system?
    A Capitalist Economy Correct Answer Incorrect Answer
    B Socialist Economy Correct Answer Incorrect Answer
    C Mixed Economy Correct Answer Incorrect Answer
    D Command Economy Correct Answer Incorrect Answer

    Solution

    Laissez-faire refers to an economic principle where the government exercises minimal intervention, allowing market forces to operate freely. This is a hallmark of a capitalist economy, where private ownership and competition drive production and distribution.

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