_____ assume(s) that the market, through its own inherent mechanisms, will keep commerce in equilibrium.

A) Social democracy
B) Laissez-faire economics
C) Economics
D) Multinational corporations
E) Rational economics

Laissez-Faire Economics

An economic philosophy of free-market capitalism that opposes government intervention. It suggests that economic systems function best when there is minimal interference by government in the affairs of the market.

Commerce Equilibrium

A state in which supply and demand within a marketplace are balanced, resulting in an efficient distribution of resources.

Rational Economics

An approach to understanding economic behavior that assumes individuals act based on logical calculations to maximize utility or profit.