Asked by bee

what are the disadvantages and advantages of laissez-faire?

advantage-government takes care of theeconomy
what ar the disadvantages?
Answered by GuruBlue
Bee, I gave you references to check in your previous post.
Answered by Anonymous
Positive
-more wealth would be distributed among businesses
-industries in Britain earned lots of updated technologies that improved industrial processes
-spirit of innovation started to spread
-took over a national market for manufactures and consumer goods
-economic growth

Negative
-workers didn't get to earn much, because the business owners kept their wages low, in order to increase incomes
-Taxes have to paid
-inappropriate bias over public goods
-death of many factory and mine workers occured
-suppression of workers occured
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