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Explain Why New Classical Economists Favor a Laissez Faire Policy

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Explain why new classical economists favor a laissez faire policy approach.


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Permanent Workforce

Employees who are considered permanent staff and have full-time employment contracts with benefits, as opposed to temporary or contractual staff.

Telecommuting

The practice of working from a remote location, outside of a traditional office environment, commonly from home, leveraging technology.

Distractions

Items or events that draw attention away from the task at hand, potentially reducing productivity or focus.

Productivity

The measurement of efficiency in which goods and services are created and delivered, often gauged by the output per unit of input.

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