What was Turgot's economic philosophy?
Laissez-faire
Command economy
Mixed economy
Traditional economy
Answer
Laissez-faire, Turgot's economic philosophy, advocated for minimal government intervention in the economy. He believed that the free market, guided by the "invisible hand," would naturally lead to prosperity. Turgot argued that government regulations and monopolies hindered economic growth and that individuals should be free to pursue their economic interests without government interference.
31 Anne Robert Jacques Turgot Questions: Can You Get a Perfect Score?
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