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Fully Explain the concept of Laissez-Faire economics.?

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Fully Explain the concept of Laissez-Faire economics.?

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  1. it is equivelant to free market concept. no interference by government either by subsdizing a local industry or imposing tarrifs on imports ..etc to get demand and supply reach a real equivelant point


  2. minimum governmental interference in the economic affairs of individuals

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