Which of the following is a distinguishing feature of laissez-faire capitalism?
A) public ownership of all capital
B) central planning
C) minimal government intervention
D) a circular ﬂow of goods, resources, and money

Question

Quizplus · Accepted Answer

Laissez-faire capitalism is marked by minimal government intervention in the economy. This means that the government does not regulate or control business activities, except to ensure the protection of property rights and other basic rules of the market. This approach contrasts with central planning, where a government agency dictates the production and distribution of goods and services. Thus, choice (C) is the distinguishing feature of laissez-faire capitalism.

Which of the Following Is a Distinguishing Feature of Laissez-Faire