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20 December, 06:54

advantages and disadvantages of laissez-fair economic policy that occurred during the industrial Period

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  1. 20 December, 08:42
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    Advantages of Laissez-faire:

    Autonomy, Innovation, Absence of taxes.

    Disadvantages of Laissez-faire:

    Income inequality, Failure to represent the interest of the entire society.

    Explanation:

    Laissez-faire is a French phrase, which translates "leave us along" it refers to a political ideology that rejects govenment intervention in the economy. The term originated in the 18th century, during the industrial revolution
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