Question

multiple choice 1 point
according to laissez - faire economic policy, what role does government take in regulating business?
govt doesnt regulate business at all - free competition is believed to result in what is best for the economy
government regulates businesses to ensure consumer protection from harmful products
government regulates businesses to ensure fair working conditions and competition
government regulates all businesses to ensure equal distribution of wealth

Explanation:

Laissez - faire is an economic philosophy that advocates minimal government intervention in the economy. It holds that free - market competition will lead to the most efficient and beneficial outcomes for the economy. So, the government does not regulate business under this policy.

Answer:

Gov't doesn't regulate business at all - free competition is believed to result in what is best for the economy