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Laissez-faire philosophy of government

As per to the laissez-faire philosophy of government,: (1) economy works best while all investment decisions are centralized. (2) market system works best along with only minimal government intervention. (3) government must be restricted to stabilizing macroeconomic activity. (4) efficiency of socialism based on government regulation. (5) market system is efficient when government controls the money supply.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

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