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The popular answer taught is this:
By having limited government interference corporations would become too large to compete with allowing competitors to have total control over supply and demand through production as well as price controls.
This is a shallow analysis that leads to an incorrect conclusion.
When one talks about laissez-faire, they often refer to the Gilded Age. This is first mistake they make. The Guilded Age was in fact not laissez-faire! There was much active government help to companies. The government in fact helped to create many of the monopolies that we associate with the period. Refer to the link below for a more thorough answer.
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∙ 12y ago
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What would a laissezfaire policy regarding drugs involve?
no government regulation
Laissezfaire policy during the Gilded Age in which government let businesses function without regulation reflected the Constitutional principle of?
limited government.
What was the best example of a laissezfaire economic policy that helps businesses make profits?
limiting regulations on the steel industry-novanet
What are the disadvantages of using graphs?
I like graphs, no disadvantages.
What are the disadvantages in nationalized industries?
disadvantages of nationalized industries
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
Laissezfaire policy during the Gilded Age in which government let businesses function without regulation reflected the Constitutional principle of?
limited government.
What was the best example of a laissezfaire economic policy that helps businesses make profits?
limiting regulations on the steel industry-novanet
What are the disadvantages and disadvantages of hydroelectricity?
advantages : electricity disadvantages: no electricity
What are disadvantages and disadvantages of autocracy?
what are some advantages and disadvantages of dictatorship
What are the disadvantages for disadvantages?
gramophone
What are the disadvantages of..leather?
Its perfect therew are no disadvantages Its perfect therew are no disadvantages
What are disadvantages and disadvantages?
Advantages are good; pluses. Disadvantages are bad; minuses.
What are the advantages and disadvantages of lasers?
what are the disadvantages of bauxite mining
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None, there are no disadvantages.
What are the disadvantages and disadvantages of windows you?
Everything
