Subject - Economics:

Miscellaneous

MCQ - 244-4254

Question:

In a Laissez-faire economy

the customers take all the decision regarding production of all the commodities
the Government does not interfere in the free functioning of demand and supply forces in the market
the private-sector takes all the decisions for price-determination of various commodities produced
the Government does not interfere in the free functioning of demand and supply forces in the market

Correct Answer: B

Explanation:

Sol. Laissez-faire is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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269 MCQ for effective preparation of the test of Miscellaneous of Economics section.

Read the MCQ statement: In a Laissez-faire economy , keenly and apply the method you have learn through the video lessons for Miscellaneous to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 244-4254.

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