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In Laissez Faire Capitalism there is no interference by
Positive statements are expressions of
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In Laissez faire capitalism there is no interference by government.

Laissez faire capitalism implies an economic system that is driven by market forces & is free from government intervention. In such a setting, business owners set working conditions without interference & there is a free market which is not regulated by the government. Some of the characteristics of Laissez faire capitalism are: no government intervention in the marketplace, the price of the things is determined by free market competition, the business owners decide what should be produced, how much of each good should be produced is determined by free-market competition.

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