THE RISE OF POLITICAL CONSERVATISM 1980 1992
REAGANOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Less Taxes
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Heavy Government Regulation
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Restricted money
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Little regulation
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Businesses pursue own interests
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Detailed explanation-1: -A laissez-faire economy is thus characterized by the free movement of forces of supply and demand, free from any form of intervention by a government, a price-setting monopoly, or any other authority.
Detailed explanation-2: -The correct answer is No Government intervention.
Detailed explanation-3: -Guiding principles of laissez-faire capitalism The individual is society’s basic unit. Everyone carries a natural right to personal freedom. Nature is capable of self-regulation.
Detailed explanation-4: -On the economic spectrum, laissez-faire capitalism is a right-wing ideology that is fundamentally based on: private ownership, competition, free trade, self-reliance, self-interest, and the principles of supply and demand.