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1 April, 12:13

In what ways did the laissez faire economic policy change the structure of American business and how did this change affect the government relationship with businesses?

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  1. 1 April, 14:32
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    Laissez-Faire economy is guided by the principle of least intervention of government in the private business. It is a pro-capitalist economic policy where the idea of private ownership are respected and people are guided by the principle of self-interest and self-motivation. The minimum intervention of government is considered to best for the growth of the economy of a nation. And these ideas and principles made a deep impact on the United States.
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