An economic system in which transactions between private parties are free from government interference such as regulations, privileges, tariffs, and subsidies is known as Laissez-faire Laissez-faire, Capitalism Capitalism, Socialism Socialism, Communism Communism,

Laissez-faire

Explanation:

Laissez-faire has its root word from french which conveys the idea of letting something occur without interference.

Indeed, it is an economic system in which transactions between private parties are free from government interference such as regulations, privileges, tariffs, and subsidies.

In summary, the basic idea of the Laissez-faire economic system is that there should be a complete separation of government from the economic sector.

the effect of the ming leaders banning ships with more than two masts was that there was no further construction of ships masts, because there was a surplus. ming emperors disallowed foreign exploration

the indians crossed artificial boundaries, setting the stage for conflict