<u>Original Question</u>: A government is laissez-faire when it?
<u>Answer: does not interfere with business affairs and does not regulate its actions</u>
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<em>Explanation: Laissez-faire is an economic term that economists use when describing an unregulated market</em>
<em>An unregulated market in being the fact that the government doesn't involve us in the business world.</em>
<em>Its benefit is that allows for substantial growth in the industry as businesses are not bound by rules and regulations could increase the cost and decrease their efficiency.</em>
<em>However it is unbeneficial when businesses began to set up 'monoplies' and 'set inadequate working standards' that harm other businesses and workers. That is when the government would step in to regulate the market and break the laissez-faire terms on how to run a market.</em>
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Hope that helps!
#LearnwithBrainly
False it doesn't matter if you do or don't know him. ;p
I only know the answer for the last one
Well the absence of cash or also independent credit system did lead to the creation of sharecropping. And the high interest rates did unpredictable harvest and also unscrupulous landlords and many merchants and often kept tenant families severely indebted. And that then lead for the debt to then be carried over until the next year or then years coming.
Hopefully this helped
Answer:
Land, labor, and capital also are known as factors of <u>Production.</u>
Factors of production help in the production of goods and services to convert raw materials into finished goods. There are 4 of them including land, labor, capital, and entrepreneurship.
Economies must answer the three economic questions because resources are <u>Limited.</u>
There are 3 fundamental economic questions that should be answered before goods and services are produced so that the economy in question can be able to prioritize. These questions are; What to Produce, How, and for Whom?
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If an economy does not answer the three economic questions, resources may <u>Run Out</u><u>. </u>
As the economy has scarce resources, the aforementioned questions should be used to prioritize ventures in such a way that the resources that are available are channelled towards the most efficient of those ventures otherwise the resources might run out.
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<u>Negative</u> Consequences can result when an economy does not answer the three economic questions .
If the economy fails to answer the questions, there will be negative consequences as resources will become scarce and the economy will suffer because production will reduce and the people in the economy become worse off as a result.