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12 February, 02:01

How did laissez faire government policies encourage growth?

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Answers (2)
  1. 12 February, 02:03
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    It allowed businesses to operate with less regulation
  2. 12 February, 02:27
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    The economic system of laissez-faire has several elements:

    1) respect for private property

    2) freedom to start and own a business

    3) free markets in trade (that is, no government price controls or excessive intervention)

    These government policies encouraged growth because the government took a step back from the businesses and people can now live so much easier, without worrying about the government collecting the food or stuff they make.
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