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stepladder [879]
3 years ago
6

How does laissez Faire capitalism relate to the rise of monopolies? (Explain with Specific examples)

History
1 answer:
Kryger [21]3 years ago
7 0

Answer:

Adam Smith raised the problem of monopolies, which can arise under an economic system of laissez-faire. Monopolies can charge higher prices, restrict supply, and those firms with monopsony power can pay lower wages to workers. ... The principle of laissez-faire economics might work for markets without externalities.

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Why did some policy makers feel the US had to switch from isolationism
Digiron [165]

<u>Answer:</u>

Some of the United States policymakers believed that they should switch from isolationism to a more expanding role around the world because, without the United States’ intervention, many fascist powers around the world were taking deeper roots and that was believed would turn out to be dangerous for the United States in the future.

<u>Explanation:</u>

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