The answer is true. According to the laissez-faire economics doctrine, the only time the government should interfere with the economy is to defend the unalienable rights of people. In other words, let the market operate as it sees fit.
The rules of supply and demand will effectively regulate the production of goods and services if left unchecked. Natural resources, capital, and labor all comprise supply. Purchases made by businesses, governments, and consumers all constitute demand. The only function of the government in a free-market system is to guard against coercion against people. The functioning of rational market forces is hindered by theft, fraud, and monopolies.
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