Homework Answers
Ans 1.) Option - C
The laissez- faire capitalism is an economic theory which states that a market should be left on its own and the equilibrium would be reached automatically with the help of market forces.
In this there is no intervention by the government at all and the market players in a society behave rationally which leads to the overall efficient wprking of a market.
The proponents of the laissez-faire system arhue that there is no need for taxation or minimum wages as these make an economic system inefficient.
The other options are not valid as follows:
Buyers, sellers are not a source of intervention but the driver of economic growth when they both meet in an economy.
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