9) Summarize how government regulation responded to Laissez-Faire capitalism. (harrison)
What is Laissez-faire capitalism?
Laissez-faire capitalism is a system in which government and economy are by independent. Popularized by Adam Smith, "Laissez-faire" means to "let do as they choose." Laiez-faire capitalism is opposed by many older governments as it limits the government's power.
Laissez-faire capitalism is a system in which government and economy are by independent. Popularized by Adam Smith, "Laissez-faire" means to "let do as they choose." Laiez-faire capitalism is opposed by many older governments as it limits the government's power.
What effect did Laissez-faire capitalism have on government regulation?
Government took a much stronger hands-off approach in the situation of the economy, leaving more power in the people, letting them choose how they want to run the economy. Government regulation declined in Laissez-faire capitalism.
Government took a much stronger hands-off approach in the situation of the economy, leaving more power in the people, letting them choose how they want to run the economy. Government regulation declined in Laissez-faire capitalism.
School lecture on Laissez-faire capitalism: http://www.youtube.com/watch?v=eUWDrgrLKrk
Merrium-Webster Dictionary definition:
Merrium-Webster Dictionary definition:
Tellagami: https://tellagami.com/gami/FDXG4Q/