Individuals who want the state ownership of resources and its control over economic activity are advocates...
Individuals who want the state ownership of resources and its control over economic activity are advocates of which of the following?
A.
Capitalism
B.
Laissez-faire economies
C.
Communism
D.
Socialism
E.
Market economy
Homework Answers
Option B.
- Individuals who want the state ownership of resources and its control over economic activities are the advocates of Laissez-faire economies.
- A Laissez-faire economy is said to be free from government intervention which allows them to acquire the control over most of the major resources and build up competition among various investors or firm's.
- This will increase the profits and lead to more innovations within an economy.
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