What Is Laissez Faire Economics?
The words are French, from the seventeen and eighteen hundreds.
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1.Which language does the phrase laissez-faire come from?
The words are French, from the seventeen and eighteen hundreds.
2.Did Adam Smith use the phrase laissez-faire?
What it names is a position on how far a government should interfere.
3.A scale reads 1.00 kg but delivers 0.90. At 4.00 per kilogram, what is the real price per kilogram?
The buyer is short by 0.10 kilogram, which is 0.40 of apples not received.
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Sources (5)
- Wikipedia: Laissez-faire (Lead, Etymologie); SEKUNDAERQUELLE
- Smith, A.: An Inquiry into the Nature and Causes of the Wealth of Nations (1776), Book IV, Chapter IX (Econlib-Ausgabe)
- Polanyi, K.: The Great Transformation, Farrar & Rinehart, New York (1944); Darstellung in Wikipedia: The Great Transformation (book)
- legislation.gov.uk: Importation Act 1846 (9 & 10 Vict. c. 22), "An Act to amend the Laws relating to the Importation of Corn"; Wikipedia: Repeal of the Corn Laws
- Eigene Rechnung: Marktstand
Education only. Not financial advice.