ss

posted by bee

what are the disadvantages and advantages of laissez-faire?

advantage-government takes care of theeconomy
what ar the disadvantages?

  1. GuruBlue

    Bee, I gave you references to check in your previous post.

  2. 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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