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10-10-2019
History

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

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10-10-2019

Answer:

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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