They could choose whatver produce they wanted, at any price point, and make much higher profits. Bascally they had more freedom to choose where they got their materials from.
For example, a cotton farm could be benefitted by the relaxed control because factories had the freedom to choose their cotton farm as a source for their cotton to make clothing. A restricted government would force them to get everything from sources they choose, so this allowed the economy to grow exponentially.
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The negatives were the dangers of the work environments, the unfair payments of the different social classes, and how not everyone was equal
It was important to the Puritains to learn how to read the bible and learn how to write. The Puritans believed that the individual should not be dependant on clergy, see Catholic Church at time, for knowledge of the Bible's content.