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Some of the outcomes of laissez-faire Economics were:
- Businesses pay workers low
- Pollution of air and water
- Poverty traps that cannot be escaped through free choice
- General glut that results from overproduction or underconsumption
- Monopoly power that emerges naturally in the market and allows businesses to exploit consumers
- Exploitation of the working class that pushes wages down to subsistence and compels laborers to work in harsh and unsafe conditions
- External economies that generate situations where desirable goods are underproduced on the market, and undesirable goods are overproduced on the market
- Public goods that are not supplied by the market due to free-rider problems
Aurelie Renner
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What was one outcome of laissez-fair economic policies?
Bad working conditions
What was one outcome of the laissez-faire economic policies?
Businesses paid workers very little.
What was one outcome of laissez economic policies?
Bad working conditions
What is the British economic policy of mercantilism?
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
What was one outcome of lasissez-faire economic policies?
bad working conditions APEX
The economic policy of socialism?
There is no one economic policy for socialism, different socialist movements and parties have different platforms and policies.
What was one outcome of laissez-fair economic policies?
Bad working conditions
What was one outcome of the laissez-faire economic policies?
Businesses paid workers very little.
What is the economic policy of mercantilism?
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
What was one outcome of laissez economic policies?
Bad working conditions
What is the British economic policy of mercantilism?
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
what is one major goal of us economic foreign policy?
creating trade agreements
“Coordinating fiscal policy,” one of the five limits of fiscal policy, can be difficult because _____.?
state and local government policies might interfere with the intended outcome of federal policies
What was one of the outcome of laissez-faire economic policies?
Businesses paid workers very little.
What was one outcome of lasissez-faire economic policies?
bad working conditions APEX
What was one outcome of laissez-fairs economic policies?
Bad working conditions
Why do Chinese think it is necessary for the one child policy?
Overpopulation obstructs economic progress and the improvement of living standards.
