The method they used was he aqueduct
In the 1970s, OPEC demonstrated that "<span>b. An alliance in control of a valuable resource could exert control over the global economy," since they restricted the production of oil in order increase prices. </span>
Answer:
In any regard, supporters of <em>laissez-faire </em>governmental policies were often advocates for the "free market". They would suggest that federal or state involvement in business would stagnate and decelerate the growth of the economy. The "invisible hand" of the market does not actually exist, but this argument would be made in order to support the assertion that government involvement was not required. In reality, significant economic downfalls of the past could have been avoided, had the governments of "unregulated business" nations played a more active role. Claims such as these were made for the purpose of promoting a self-sustaining economy, even when such a thing cannot coexist with financial disparity.
I hope this helped you understand the motives behind <em>laissez-faire </em> business and government policies. Blessings to you.
