Respuesta :

Free market and laissez-faire are opposite for socialism as this type of market is free from the government control.

Explanation:

The free market and laissez-faire  are the type of market in which government has no control. The decision of what t produce, how to produce, how much to produce and other decisions like price are decided by the producers itself only.

This type of market is opposite for socialism as the motive of this market is to profit maximization and not social welfare as it is out of from government control.

chilljain33

The correct statement regarding a free market or laissez-faire policy is that under socialist markets there is a motive of welfare to some extent, not found in this type of market.

A laissez-faire market refers to a market where there is no intervention by the authoritative powers and the market is completely decentralized and autonomous.

Laissez-Faire Policy

  • A  laissez-faire market has a sole motive to earn and maximize its profits and no intention whatsoever to give back to the society in form of welfare.

  • A laissez-faire market can be explained with an example of Cryptocurrencies market or betting markets in India, where there is no government intervention at all and everything is decentralized.

Hence, the  laissez-faire market is different from a socialist market as there is no intention of welfare of the society.

Learn more about Free Market here:

https://brainly.com/question/3964664

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