What economic policy did Ayub Khan follow?
Socialism
Communism
Laissez-faire
Mercantilism
Answer
Laissez-faire, an economic policy that advocates minimal government intervention in the economy, was implemented by Ayub Khan. This policy aimed to promote private sector growth and foreign investment by reducing government regulations and tariffs. It led to increased economic activity and foreign investment, but also resulted in widening income disparities and limited government spending on social welfare programs.
Ayub Khan Brain Battle: 29 Questions to Win the War
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