WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Weak rule
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Hands off government
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Powerful government
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Government in charge
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Detailed explanation-1: -Which of the following BEST describes a laissez-faire economic policy? The government should leave business alone.
Detailed explanation-2: -Which of the following BEST describes a laissez-faire economic policy? the government should leave business alone.
Detailed explanation-3: -laissez faire Add to list Share. From the government allowing the business world to set its own course to your babysitter who let you do whatever you wanted-if something is laissez faire, it’s “hands off."
Detailed explanation-4: -Capitalist economy(where capital goods are owned by private individuals) follows a ‘Laissez-faire’ economy. The production of goods and services are determined by the free play of demand and supply forces in the market.It is also known as market economy.