Laissez-faire economics supporters believe that the only reason the government should become involved in the economy is to safeguard private property rights and keep the peace is a TRUE Statement.
Laissez-faire refers to a policy of little state interference in the financial issues of people and society. The Physiocrat economists, who were influential in France from around 1756 to 1778, are typically linked to the laissez-faire philosophy. Laissez-faire translates to "let to do" in French.
The removal of all trade restrictions is an illustration of laissez-faire economics. For example, most countries impose a tax on imported items, typically at different rates depending on the item. By removing these restrictions, laissez-faire economics empowers the market to make decisions.
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