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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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