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1 September, 15:07

How did laissez faire government policies encourage growth?

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  1. 1 September, 15:52
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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.
  2. 1 September, 18:23
    0
    It allowed businesses to operate with less regulation
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