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Which of the following was an effect of the government’s laissez-faire policy during the Gilded Age?

fixed prices
flexible prices
flexible wages
few raw materials


Sagot :

Answer:

A

Explanation:

edge

During the glided age, there was adoption of laissez-faire policy in the economy, which ensured that there is the least government intervention and fixed prices of the commodities.

What is a laissez-faire policy?

A laissez-faire policy is a condition wherein, there is no government intervention in the matters of a national economy and the market is supported by capitalism ideologies.

Economic growth and development of the society is the first and foremost priority in a market where laissez-faire policy exists, as political intervention in neglected.

Furthermore, there is a pure competition in the market, where the prices of the commodities are fixed for each seller prevailing throughout the entire market.

Hence, option A; fixed prices of commodities in a market is an effect of the government's laissez-faire policy during the Glided Age.

Learn more about laissez-faire policy here:

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