Answered



Which phrase best illustrates the theory of

laissez-faire capitalism?

(1) businesses operating with little government

regulation

(2) the state establishing production quotas

(3) central planning committees setting prices on

goods

(4) decisions related to distribution being based

on community traditions

Verified Answer :

atmosfears

(1) business operating with little government regulation
laissez faire means hands off, meaning the government has no say in business
hope this helps!

Answer:

Option 1.

Explanation:

Businesses operating with little government  regulation, is the right answer.

Laissez-faire is an economic arrangement in which deals between private companies are free from any kind intervention from the government side such as privileges, regulation, tariffs, imperialism and subsidies. At the same time, laissez-faire capitalism is a term that is used to describe an economy which has a little intervention from the government side.