what are the disadvantages and advantages of laissez-faire?
advantage-government takes care of theeconomy
what ar the disadvantages?
2 answers
Bee, I gave you references to check in your previous post.
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
-
-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
-
1 answer