"We the government should learn to look at our country with the eyes of the entrepreneur, seeing possibilities where others see only problems. That way,
instead of the unemployed, we'd see a resource of potential workers waiting to
add their labors, their ingenuity (cleverness), their creativity to an expanding
marketplace. And instead of ghettos, we'd see potential enterprise zones, where
increased incentives to work and invest count produce a renaissance [revival) of
business activity and community involvement." - President Ronald Reagan, 1985
Which type of economic system was President Reagan describing?
market
command
O traditional
laissez-faire