Difference between laissez-faire capitalism

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What is the difference between laissez-faire capitalism, the command system, and the market system?

How does the "invisible hand" operate and why do market economies usually do better jobs than command economies at efficiently transforming economic resources into desirable output?

Reference no: EM131650988

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Difference between laissez-faire capitalism : What is the difference between laissez-faire capitalism, the command system, and the market system?
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