Which statement best summarizes laissez-faire capitalism’s view of the government?

Question

The government should be replaced by communal labor practices.
The government should enact policies to protect domestic industries from competition.
The government should guarantee fair wages and safe working conditions.
The government should only be involved in the economy to protect private property.

Answer 1

The statement that best summarizes laissez-faire capitalism’s view of the government is: The government should only be involved in the economy to protect private property.

Laissez-faire capitalism advocates for minimal government intervention in the economy, focusing primarily on protecting individual rights and property without imposing excessive regulations or controls.