The correct option is (C). A government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.
Further Explanation:
Laissez-Faire:
The theory of Laissez-faire in the 18th century. It states that the government should not intervene in the business affairs of the country. All the business activities should be carried out independently to the government restrictions and involvement. Laissez-faire is a French word which means leave alone. Therefore, this theory supports the idea of free-flow of business activities in the economy.
This theory states that the interaction of the government blocks the creativity of the business so, in Laissez-faire economy, the interference would be free to form an entity and take actions freely without the of the government.
Thus, a government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.
Justification for the correct and incorrect option:
A.
Fairly regulates workers: This is an incorrect option.
In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the workers.
B.
Fairly regulates businesses: This is an incorrect option.
In Laissez-faire, the government does not interfere in the actions of the business.
C.
Does not interfere with business affairs and does not regulate its actions: This is the correct option. In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the actions of the business.
D.
Leaves workers alone and doesn’t regulate unions: This is an incorrect option.
The government does not interfere in any activity of the business.
Learn more:
1. Learn more about the command economy
2. Learn more about the lawmaking process
3. Learn more about the social reforms
Answer details:
Grade: Senior School
Subject: Economics
Chapter: Types of Economics
Keywords: Government, laissez-faire, fairly, regulates, workers, businesses, .does not interfere, with business affairs, regulate actions, leaves, workers, alone, doesn’t, regulate, union.
A government is laissez-faire when it does not interfere with business affairs and does not regulate its actions
Further Explanation
Laissez-faire is an economic theory that resists any form of government interference in business affairs. It uses the principle that the less involvement of the government in the economy the more successful it can become, leading to the success of society as a whole. Free market capitalism is based on this Laissez-faire philosophy.
The following are the common types of legislation Laissez-faire economists oppose:
• minimum wages
• duties
• trade restrictions
• corporate taxes
Effects of Laissez-faire in the society
While Laissez-faire was implemented in the late 18th and early 19th century it was also noticed that it resulted in large gaps between the wealthy and the poor, unsafe working conditions for the workers and starvation.
Government Intervention
In the beginning of the 20th century significant government controls and regulations were implemented with the goal of protecting workers from unsafe working conditions and to protect consumers from unfair trading practices.
Criticism of Laissez-Faire
Critics of Laissez-faire targeted the moral ambiguities that is attached to capitalism as a system, to which, it does not inherently protect the lowest in the society. As an argument, advocates believe that when individuals pursue their interest first, the benefits will follow. However, for the detractors, Laissez-fair only leads to economic imbalances and poverty.
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Keywords: laissez-faire, economics, government
Gave access to the Mississippi River and the New Orleans Port.
Jay's Treaty opened trade between Great Britain and the US in addition to settling some of the issues still remaining from the Revolutionary War. The French saw this as an insult to the trade treaty created between the US and themselves. This treaty opened more trade for the US merchants but also started a war with France.
Pinckney's Treaty however was a favorable treaty for the US and was highly praised. The treaty allowed the US to use the Mississippi River and the port of New Orleans held by Spain at the time. This treaty would give the US a reason to approach France when they regain the Louisiana territory. When France and the US worked to negotiate the access rights, the US was provided the opportunity to purchase the whole territory from France. The Louisiana Purchase would be the ultimate end to the US working to have access to the Mississippi and New Orleans.
by reading them
by looking at column placement and organization
by trying to understand the Editor's intent
Answer: reading the small print first
by reading them
by looking at column placement and organization
by trying to understand the Editor's intent
Explanation:
Understanding historical newspapers requires not just reading them, but also examining their structure, considering the editor's intentions, as well as analyzing the smaller prints for more comprehensive understanding of the historical context.
Understanding historical newspapers involves several strategies. Firstly, simply reading them can give you a good sense of what events were current at the time, how they were being interpreted, and what kinds of issues mattered to people. Also, the column placement and organization often reflect the priority given to different types of news in that era. Furthermore, examining the small print like advertisements and social announcements can offer valuable insights to the cultural and social aspects of the time. Lastly, it’s beneficial to consider the editor's intent in terms of political leanings, marketing tactics, or other goals.
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building Hartsfield Jackson International Airport
helping to bring 1996 Olympics to Georgia
relocating the Coca-Cola headquarters to Atlanta
Andrew Young's biggest impact on Georgia was helping to bring 1996 Olympics to Georgia .
Andrew Young promoted the candidacy of Atlanta to host the 1996 Summer Olympics from his position of Mayor of Atlanta, as a way to show the world that the racial problems and poverty that had hit the southern United States during the 1950s and 1960s had already been overcome.
forming a mutual agreement between two nations
Otto von Bismarck of Germany
Answer:
3 Otto von Bismarck of Germany
Explanation:
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