In comparing economic systems and which systems calls for no government interference in the economy
, a laissez-faire economic system is one in which the government does not interfere with the economy. This system relies on the belief that the economy is most efficient when left to its own devices, with minimal government regulation or intervention.
On the other hand, a command economy is a system in which the government controls the production and distribution of goods and services. This type of economic system is often associated with socialism or communism, where the state manages the economy to ensure equality and social welfare.
In comparing these two systems, it is clear that a laissez-faire economy calls for no government interference, while a command economy relies heavily on government involvement. Advocates of laissez-faire economics argue that government intervention can lead to inefficiencies and distortions in the market, whereas proponents of command economies argue that government oversight is necessary to ensure social equity and prevent exploitation. Ultimately, the choice between these economic systems depends on one's beliefs about the role of government in society and the economy.