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The answer is "Laissez-faire".


Laissez-faire is the approach which depends on the possibility that administrations and the law ought not meddle with business, fund, or the states of individuals' working lives.  

In a laissez-faire economy, the main job of government is to keep any compulsion against people. Theft, extortion, and imposing business models keep the sound market powers from working.  

Laissez-faire policies require three things to work, which are capitalism, the free market economy, and rational market theory

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The term that best describes the government's policies towards businesses in the late 19th century is laissez-faire

Laissez-faire is a theory that was against government intervention in business activities. It is an economic theory that was used during the 18th century and it was against government involvement in business affairs.

Further Explanation

Laissez-faire is a French word that means Leave alone. The principle behind this economic theory is that the government shouldn't involve in the economy. This principle believed that government intervention in the economy will affect businesses and would have a negative impact on society.

Laissez-faire is certainly one of the key components of free-market capitalism.

The concept behind the Laissez-faire economic theory was that economic competition is the best way to develop the economy. The principle encouraged natural self-regulation, which was regarded as the best form of regulation.

Laissez-faire economists claimed that government intervention in business would cripple the economy; they believed that government intervention would complicate industries and business affairs.

Laissez-faire economists were against the government in the areas of legislation or oversight; they opposed the minimum wage, trade restrictions, duties, and taxes.

Laissez-faire economists also seen cooperate taxes as a sanction for production.

Therefore, the term that best describes the government's policies towards businesses in the late 19th century is laissez-faire

LEARN MORE:

  • What term BEST describes the U.S. government's policies towards businesses in the late 19th century?  https://brainly.com/question/1246598
  • What term BEST describes the U.S. government's policies towards businesses in the late 19th century?  https://brainly.com/question/3724342

KEYWORDS:

  • Laissez-faire
  • economy
  • businesses
  • government
  • policies
  • 19th century

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