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

question 29

Multiple Choice

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

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Definitions:

Pharmaceutical Fraud

Illegal activities by drug companies, including marketing drugs for unapproved uses or producing counterfeit medication.

Unapproved Use

Usage of a product or service in a manner not sanctioned or authorized by official guidelines or regulations.

Deregulation

is the process of reducing or eliminating government rules and restrictions on business activities, with the aim of increasing efficiency and promoting competition within industries.

Airline Prices

The cost of air travel tickets, influenced by various factors including fuel costs, demand, seasonality, and competition.