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Who Developed the Idea of Laissez-Faire Capitalism

question 22

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Who developed the idea of laissez-faire capitalism?


Definitions:

Balance Theory

A psychological theory suggesting that people strive for harmony and consistency in their relationships, attitudes, and beliefs, avoiding imbalance or discord.

Cognitive Consistency

A model of social cognition in which people try to reduce inconsistency among their cognitions, because they find inconsistency unpleasant.

Balance Theory

A psychological theory that suggests individuals strive for a harmonious balance in their relationships and beliefs, avoiding inconsistency among their thoughts.

Triad

In sociology, a group of three people, which provides the simplest unit for studying complex group dynamics.

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