Question

Does the United States have a laissez -faire economic system? Explain.

Answer 1

The US government partially uses a laissez-faire economic system as the prices are set by the market, according to the law of supply and demand, but it isn't completely a laissez-faire economic system as it does not meet many of the requirements, starting with government intervention. The US government intervenes in all affairs.

Answer 2

The US government utilizes a laissez-faire economic structure in part because prices are decided by the marketplace as according producers and consumers, but it isn't totally laissez-faire since it doesn't satisfy many of the conditions, starting with government interference.

The US government meddles in everything.

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