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Laissez-Faire

Published on Feb 06, 2016

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PRESENTATION OUTLINE

1.

LAISSEZ-FAIRE

By alex shumway
Photo by celesteh
2.

DEFINITION

abstention by governments from interfering in the workings of the free market.
Photo by Stuck in Customs
3.

EASY DEFINITION

No government
Photo by wbeem
4.

DEVELOPED BY

Adam Smith let business be free/no intervention by government in business
Photo by kevin dooley
5.

FREE TRADE

No government regulation or intervention in trade
Photo by Scott Hudson *
6.

ALSO

The idea that government shouldnt be involved in the economy
Photo by Nina Matthews Photography
7.

WHAT IS LAISSEZ-FAIRE CAPITALISM?

economy is driven by entrepreneurs and competition
Photo by EG Focus

Alex Shumway