Reed     1     About Laissez Faire

• Laissez Faire is translated from French it means "to leave alone".
• The economic system is tied into this and is call the "free market", "private enterprise", or "capitalism".

Reed     1     Elements of Laissez Faire

• The respect of private property, freedom to start and own businesses, trade in free markets (that the government has no price control or intervention in.)
• The government use the "nightwatchman" system which make sure that police and courts that contracts are broken.

Reed     1     Economic Growth

• It provides individuals with an incetive to create their own wealth.
• Using this system you cannot be royalty and demand people in that county to give you their money.

Reed     1     Under Laissez Faire

• If you want to get rich, you have to be inventive or very innovated; to produce products that people can afford; you have to be better and quicker than others at serving your customers to earn the most.

Reed     1-2     More about Laissez Faire

• All over the world countries have demostrated the superiority of capitalism of all of their big government counterparts.
• Capitalism can be another name for Laissez Faire; it helps to feed, clothed, and house more people at higher levels in all other systems.