In economics, laissez-faire means allowing industry to be free of state intervention, especially restrictions in the form of tariffs and government monopolies. The phrase is French and literally means "let do," though it broadly implies "let it be" or "leave it alone."
Bad working conditions
or
1. non-involvement of the government in the economy
The conflict theory explains capitalism, and how capitalism will eventually be demolished by the rise of the working class (causing tension/conflict)
Adam Smith developed the theory of classical capitalism.
---- = crisis of capitalism = (19th century- ) Prediction in Marxism of the collapse of capitalism. A species of catastrophe theory, envisaging that the inherent contradictions of the capitalist system will lead, through political conflict, to the collapse or overthrow of capitalism. Twentieth century versions of this theory see the crisis of capitalism as being a legitimacy crisis rather than a simple economic or political one ---- = crisis of capitalism = (19th century- ) Prediction in Marxism of the collapse of capitalism. A species of catastrophe theory, envisaging that the inherent contradictions of the capitalist system will lead, through political conflict, to the collapse or overthrow of capitalism. Twentieth century versions of this theory see the crisis of capitalism as being a legitimacy crisis rather than a simple economic or political one
noninvolvement of the government in the economy
buyers and sellers
The conflict theory explains capitalism, and how capitalism will eventually be demolished by the rise of the working class (causing tension/conflict)
It is. Capitalism is the basis of the majority of world economies.
Adam Smith developed the theory of classical capitalism.
The answer is Capitalism
---- = crisis of capitalism = (19th century- ) Prediction in Marxism of the collapse of capitalism. A species of catastrophe theory, envisaging that the inherent contradictions of the capitalist system will lead, through political conflict, to the collapse or overthrow of capitalism. Twentieth century versions of this theory see the crisis of capitalism as being a legitimacy crisis rather than a simple economic or political one ---- = crisis of capitalism = (19th century- ) Prediction in Marxism of the collapse of capitalism. A species of catastrophe theory, envisaging that the inherent contradictions of the capitalist system will lead, through political conflict, to the collapse or overthrow of capitalism. Twentieth century versions of this theory see the crisis of capitalism as being a legitimacy crisis rather than a simple economic or political one
That would be state capitalism.
noninvolvement of the government in the economy
buyers and sellers
noninvolvement of the government in the eoconomy
h
Entrepreneurs
no government regulation