Laissez faire economics advocates for less government regulation and intervention. Extreme laissez faire views dislike all types of taxes and controls. Of course something like that will never happen, but different economic policies favor certain laissez faire views. For example, during the 1800s, many politicians believed that business owners were entitled to exploit their workers in order to make higher profits. As a result of these types of policies, 14 or 16 hour long labor days were common, no safety regulations existed, and the wages were not high. Since governments didn't regulate labor markets, businesses were able to benefit form this and increase total production.
Answers: 1
History, 21.06.2019 22:10, vanessasanmarti8630
What was the main argument of plessy in plessy v. ferguson
Answers: 2
History, 21.06.2019 23:00, taythestargazer2382
Why did the other allies like great britain and france not support wilsons 14 points?
Answers: 2
History, 21.06.2019 23:30, jeremiah1212
What is the main social system that existed in ancient china?
Answers: 1
Laissez faire economics advocates for less government regulation and intervention. Extreme laissez f...