<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.
Based on the evidence in <em>"The Progress of the World,"</em> the author's purpose is <u>D. To warn Americans</u> of the potential costs of war.
<h3>What is the progress of the world?</h3>
The progress of the world can be measured in the remarkable increase in global quality of life. One example of the progress of the world is documented by the "World Database of Happiness."
This database provides extensive lists of social, economic, and psychological factors that depict the remarkable progress that the world has recorded in the recent past, especially the technological advances.
Thus, the author's purpose is not to provide a scientific explanation for the explosion, turn American opinion against the Spanish, or mourn the loss of Maine and its crew, but it is to warn Americans of the <u>potential costs of war</u>.
Learn more about World Progress at brainly.com/question/2166344
To "scour" means to clear an area or region of enemies or outlaws (i.e. "scour the area for our enemies and make sure they are eliminated). To "search" is to examine an area or region with the intention of locating something or someone. "Scouring" involves locating and eliminating an enemy; to search is to simply locate someone or something.
Answer:
Many different factors contributed to the rise of the Industrial Revolution in Britain. The new inventions, access to raw materials, trade routes and partners, social changes, and a stable government all paved the way for Britain to become an industry-driven country.