Laissez-Faire Refers to a Program of Minimal Interference in the Market

question 236

True/False

Laissez-faire refers to a program of minimal interference in the market system.

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Definitions:

Organizational Direction

The strategic aims and objectives that guide a company or organization’s decisions and activities towards achieving its long-term goals.

Organizational Foundation

The basic principles, values, and structure upon which an organization is built and operates.

Visionary Organization

An entity that leads with foresight and innovation, anticipating future trends and preparing for changes ahead of its competitors.

Organizational Strategies

Broad-based plans or approaches adopted by a business or organization to achieve its long-term goals and objectives.