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Which economic theory advocates a completely "hands-off" approach to trade?
  • a)
    Mercantilism
  • b)
    Protectionism
  • c)
    Laissez-faire
  • d)
    Keynesian economics
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which economic theory advocates a completely "hands-off" app...
Laissez-faire is an economic theory that advocates minimal government intervention in economic affairs, including trade. It suggests that free markets should operate without restrictions, and the government should not interfere with the pricing, production, or distribution of goods and services.
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Which economic theory advocates a completely "hands-off" approach to trade?a)Mercantilismb)Protectionismc)Laissez-faired)Keynesian economicsCorrect answer is option 'C'. Can you explain this answer?
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