Laissez-faire capitalism is considered to be pure capitalism where government is essentially limited to protecting private property and establishing a legal environment for enforcing contracts and market activity.
Laissez-faire capitalism an economic philosophy anchored on free-market capitalism that opposes government intervention.
Laissez-faire capitalism posits that there is a greater likelihood of economic prosperity when the government is less involved in business.
In other words, it encourages business to be run and maintained by private investors other than the government.
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