Laissez-faire economics

Laissez-faire is an economic philosophy that supports less government regulations on businesses. This idea is based on the fact that businesses should be allowed to fail if the products or services they offer does not interest consumers. A market is decided by a voting system by the consumers themselves, they decide which products would be a hit or which ones wont make the cut. Products or services that benefits consumers the most would propel the company to a higher level of profitability.

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