Under a Laissez-Faire System

question 170

Multiple Choice

Under a laissez-faire system,

• A)government organizes production and distribution of goods.
• B)a small bureaucracy of central planners tells firms what to produce and how to produce it.
• C)costs of production and consumers' demands determine the output mix.
• D)firms try to produce the goods that they think are good for consumers.

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A principle that ensures every individual receives a fair and impartial treatment within the judicial system, also applicable in regulatory frameworks to ensure transparency and fairness.

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