Economic review

The economic theory of laissez-faire capitalism proposes that

• command economies should provide the greatest opportunity for national growth
• the practices of mercantilism should be expanded
• governments should not interfere with business
• the nobility should have strict control over business and industry

Laissez-faire practices are most closely associated with a

• command economy
• traditional economy
• mixed economy
• market economy

It is possible for socialism to exist in a democracy.

• True
• False

The government makes all economic decisions

• Traditional
• Command
• Market

Everyone has a set role defined by custom. 

• Traditional
• Command
• Market

Primary focus is self-interest

• Traditional
• Command
• Market

Socialism

• Traditional
• Command
• Market

Main goal is survival

• Traditional
• Command
• Market

Capitalism

• Traditional
• Command
• Market

Workers have little motive to improve output

• Traditional
• Command
• Market