Which statement best summarizes laissez-faire capitalism's view on the government?

Question

a) the government should only be involved in the economy to protect
private property
b) the government should enact policies to protect domestic
industry from competition
c) the government should be replaced by communal labor practices
d) the government should guarantee fair wages and safe working
conditions

Answer 1

The statement that best summarizes laissez-faire capitalism's view on the government is:

a) the government should only be involved in the economy to protect private property.

Laissez-faire capitalism advocates for minimal government intervention in economic affairs, emphasizing the protection of individual property rights while allowing the free market to operate without regulatory constraints.