Which vocabulary term describes when the government is "very business friendly"?

A. Laissez-faire
B. Horizontal consolidation
C. Vertical integration

Question

05-08-2024
Business

Answered

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Which vocabulary term describes when the government is "very business friendly"?

A. Laissez-faire
B. Horizontal consolidation
C. Vertical integration

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-05T13:59:09-04:00

Final answer:

Laissez-faire is a political system advocating for minimal government intervention in the economy.

Explanation:

Laissez-faire refers to a political system that enacts few restrictions on businesses, maintaining low taxes on private property. It advocates for minimal government intervention in the economy to allow for free-market capitalism. This approach was prominent in the U.S. during the late 1800s but led to anti-monopoly efforts and increased regulations by the early 20th century.

Learn more about Laissez-faire here:

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