In Which Type of Economic System Is the Laissez-Faire Philosophy

question 31

Multiple Choice

In which type of economic system is the laissez-faire philosophy rejected, and the central government acting as a representative of the people makes basic economic decisions?

• A) informal economy
• B) capitalism
• C) socialism
• D) agrarianism

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Definitions:

Nutrient Concentrations

The amount of nutrients present in a given volume or mass of soil, water, or air, important for the growth and health of plants and animals.

Savannas

Savannas are grassland ecosystems with scattered trees and shrubs, located in tropical and subtropical regions, characterized by seasonal water availability.

Tropical Forests

Dense forests located in the equatorial region, characterized by high biodiversity and significant annual rainfall.

Northern Hemisphere

The half of Earth that lies north of the equator, characterized by specific climatic patterns and day-length variations.