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Laissez Fair

Published on Nov 18, 2015

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PRESENTATION OUTLINE

LAISSEZ FAIRE

: A POLICY THAT ALLOWS BUSINESSES TO OPERATE WITH VERY LITTLE INTERFERENCE FROM THE GOVERNMENT

Laissez-faire assumed that the individual who pursues his own desires contributes most successfully to society as a whole.

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The function of the state was to maintain order and security and to avoid interference with the initiative of the individual

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Even those who preach laissez faire, acknowledge the need for a certain limited degree of government intervention.

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