Why is a completely 'laissez-faire' economic system unfeasible?

Show Answers

Because the market fails to address public welfare requirementsSince the market is unfairly biased towards wealthier individualsBecause the market lacks mechanisms to safeguard smaller playersAll of the above reasons

Explanation

A fully laissez-faire market system is impractical because it does not adequately meet public needs, tends to favor those with greater financial resources, and does not protect smaller participants. Therefore, all these factors combined make total laissez-faire impossible.