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Q.

In a Laissez-faire economy

[A] The Government controls the allocation of all the factors of production
[B] The customers take all the decisions regarding production of all the commodities
[C] The Government does not interfere in the free functioning of demand and supply forces in the market
[D] The private sector takes all the decisions for price determination of various commodities produced
Answer & Explanation
Option: [C]

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