<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.
Not let them fall to communism which was all around them Japan china Russia but the closes was Cuba
<span>The Mongols were a nomadic race of people who are from
Mongolia as well as China’s Inner Mongolia Autonomous Region. They were expert
riders, hunters and archers. Originally,
they were group of independent tribes until they were united by Genghis Khan
and later embarked on a campaign of conquest.
Due to their tactics and speed on horseback, they were easily able to
defeat other armies which led to the establishment of the Mongol Empire. It was composed of Mongolia, North China,
Turkmenistan, Afghanistan and Northern India.
After the Genghis Khan his descendants conquered more countries but
eventually their power declined and some of the Mongols were absorbed by the
countries they had conquered.</span>
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