<u>Effects of laissez-faire capitalism:</u>
- Laissez-faire capitalism allows companies to compete freely with each other in an open marketplace.
- Without costs of government regulation, businesses can grow faster.
- This leads to price increases for the consumer and the lack of diversification in the marketplace.
- Without restrictions from the government, there is more incentive for innovation, and technological advances can take place.
- This can result in a large wealth gap in a society with a few very rich people in control of the majority of the economy's wealth.
- Capitalism (or laissez faire) feeds and clothes and houses more people at higher levels than any other system.
- Workers have more rights, and have a comfortable work environment.
- Lots of government involvement and regulation raises cost and slows growth.
Answer: They were called "Patriots".
The reason why these areas in Africa, Hong Kong, and Australia, bear the name, "Victoria" is to honor the British Queen at a time when Great Britain ruled those areas.
<h3>Why are there several places named "Victoria"?</h3>
Queen Victoria was one of the longest-serving monarchs in British History and to commemorate her, there were several places named after her by the British.
The British did this in places where they ruled over such as Hong Kong, Zimbabwe (Lake Victoria) and Australia.
Find out more on British colonialism at brainly.com/question/7165116.
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Answer:
A society that has many different ethnic or national cultures mingling freely.
Explanation:
Answer: The North wanted the new states to be “free states.” Most northern s thought that slavery was wrong and many northern states had outlawed slavery. The South,however, wanted the new states to be “slave states.” Cotton, rice, and tobacco were very hard on the southern soil.
Explanation:
