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22-02-2022
Social Studies

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Who introduced the concept of laissez-faire?

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22-02-2022

Answer:

Jean-Baptiste Colbert, the financial director of emperor Louis XIV of France, was the first one to create the laissez-faire philosophy.

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22-02-2022

Answer: economist Adam Smith

Explanation: The policy of laissez-faire received strong support in classical economics as it developed in Great Britain under the influence of the philosopher and economist Adam Smith.

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