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    Wulan Suci Ramadani 042021782 T3 ADBI4201

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    Wulan Suci Ramadani
    This document discusses the economic theory of laissez-faire from the 18th century. The theory opposed government intervention in business and held that the less government involvement, the better for business expansion. While the theory emphasized capitalism and free markets, critics argue it can lead to poverty and imbalance. The document notes it is difficult to fully apply laissez-faire today as governments still regulate trade, though some monopolies still exist showing how aspects of the theory remain.

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    Wulan Suci Ramadani 042021782 T3 ADBI4201

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    Wulan Suci Ramadani
    11 views1 page
    This document discusses the economic theory of laissez-faire from the 18th century. The theory opposed government intervention in business and held that the less government involvement, the better for business expansion. While the theory emphasized capitalism and free markets, critics argue it can lead to poverty and imbalance. The document notes it is difficult to fully apply laissez-faire today as governments still regulate trade, though some monopolies still exist showing how aspects of the theory remain.

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    This document discusses the economic theory of laissez-faire from the 18th century. The theory opposed government intervention in business and held that the less government involvement, the better for business expansion. While the theory emphasized capitalism and free markets, critics argue it can lead to poverty and imbalance. The document notes it is difficult to fully apply laissez-faire today as governments still regulate trade, though some monopolies still exist showing how aspects of the theory remain.

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    © All Rights Reserved
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    11 views1 page

    Wulan Suci Ramadani 042021782 T3 ADBI4201

    Uploaded by

    Wulan Suci Ramadani
    This document discusses the economic theory of laissez-faire from the 18th century. The theory opposed government intervention in business and held that the less government involvement, the better for business expansion. While the theory emphasized capitalism and free markets, critics argue it can lead to poverty and imbalance. The document notes it is difficult to fully apply laissez-faire today as governments still regulate trade, though some monopolies still exist showing how aspects of the theory remain.

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    Nama : Wulan Suci Ramadani

    Nim : 042021782
    Prodi : Manajemen
    TT3 ADBI4201 Bahasa Inggris Niaga

    Laissez-faire is an economic theory from the 18th century that opposes any theory of
    government intervention in business affairs. The principle of laissez-faire is a French term
    translated as "let it go", is that the less government involvement in the economy, the better
    and with the expansion of the business.
    The Laissez-Faire Principle is no longer valid today. I agree with this statement because
    According to this theory, if an individual serves his own interests
    First, social benefits will follow, detractors feel laissez faire actually leads to poverty and
    economic imbalance. In general, this theory emphasizes capitalism in the economy, this
    theory considers government intervention as an economic barrier. holders of this theory think
    that the economy should not be subject to government interference.
    Presentation of this theory is difficult to apply because the government itself issued it
    trade regulation itself, making it difficult for companies that use capitalist concepts to
    running the company. However, it cannot be denied that there is still a monopoly on a
    product that occurs in this way that we can see how these theoretical concepts can be
    implemented.

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