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What is a form of capitalism in which the government does not intervene?
The form of capitalism without any government intervention is called LAISSEZ-FAIRE ECONOMICS.
What would a laissezfaire policy regarding drugs involve?
no government regulation
What was Marx's argument for government intervention in capitalism?
Marx argued that government intervention in capitalism was necessary to address the inherent inequalities and exploitative nature of the capitalist system. He believed that capitalism leads to the concentration of wealth and power in the hands of a few, resulting in the oppression of the working class. By intervening, the government could implement policies that redistribute wealth, protect workers' rights, and promote social welfare, ultimately paving the way for a transition to socialism and the dismantling of class structures.
Who controls the factors of production?
governmentThe government
Laissezfaire policy during the Gilded Age in which government let businesses function without regulation reflected the Constitutional principle of?
limited government.
What is a form of capitalism in which the government does not intervene?
The form of capitalism without any government intervention is called LAISSEZ-FAIRE ECONOMICS.
What would a laissezfaire policy regarding drugs involve?
no government regulation
What did laissezfaire supporters believe about the role of government in economic affairs?
Entrepreneurs
Who controls the factors of production?
governmentThe government
Laissezfaire policy during the Gilded Age in which government let businesses function without regulation reflected the Constitutional principle of?
limited government.
What is the the type of economy where people carry on their economic affairs freely but are subject to some government intervention and regulation?
When people can carry out their economic business freely but are also subject to some government intervention and regulation, that is called a mixed economy. It is a mixture of capitalism and socialism.
Why the government sided with the industrialists against labor union during the late S's?
Industrialists where paying off government officials to look the other way.
What is the advantage and the dis advantage of free market economy?
A free enterprise economy is also known as capitalism. There are many advantages to capitalism because capitalism benefits everyone. Capitalism gives everyone the freedom to choose their own jobs and products without government intervention. However, a disadvantage is that companies tend to cut corners risking employees health and safety.
Is capitalism democratic?
IT CAN BE, BUT IS NOT NECESSARILY SO. Capitalism is exclusively an economic system where private companies drive a country's trade and industry. So, in terms of economics, capitalism leaves the wealthy industrialists and entrepreneurs in control of the economy. However, as concerns governments, capitalism provides no clear answer as to who is in power. Capitalism can occur under nearly any form of government, be it democracy, monarchy, autocracy, military junta, or a theocracy.
What was one consequence of laissez-faire capitalism?
One consequence of laissez-faire capitalism is that it provides little-to-no protection for disadvantaged social groups, such as the poor, minorities, women, and others who, without government intervention or external aid, generally are underpaid and undertrained by private firms.
What happens in a capitalists system?
Capitalism is an economic system in which private companies run their business solely without government intervention. These private companies decides own their own , what product to make, where to sell, cost of production. profits on sales etc.
How did mercantilism represent a form of government intervention in the economy?
Did mercantilism accept the intervention of government
