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Laissez-Faire Economics
This was an economic philosophy begun by Adam Smith in his book, Wealth of Nations, that stated that business and the economy would run best with no interference from the government. This economic system dominated most of the Industrial Revolution.
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- Part of Speech: noun
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- Industry/Domain: History
- Category: World history
- Educational Institution: New York State Board of Regents
- Product: Regents Exams
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