Question

In a pure “laissez-faire” system, government involvement is limited to enforcing property rights and contracts. Would...

In a pure “laissez-faire” system, government involvement is limited to enforcing property rights and contracts. Would a pure “laissez-faire” government provide public education, or would it depend on private schools for its education system?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

No, in a pure laisse faire system the government will not provide education or health facility or any other basic service, it will all depend on the private entity. Depending on the demand for the goods and services we will have different standard of schools some may be charging a high fees and a world class education and some will be catering to the demand of middle class consumers. Government will not interfere in this market.

The main reason why do not have such laisse faire is because it tends to over look the needy who cannot afford such basic service and serve only those who can pay.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Turnkey Corp You are the financial vice-president of Turnkey Corp, a large manufacturer of consumer durables...
Turnkey Corp You are the financial vice-president of Turnkey Corp, a large manufacturer of consumer durables that is considering expanding into two developing countries. Azmenistan and Turgistan recently split off from the former Soviet Union and may provide opportunities for both manufacturing and sales for your company. While the two countries have similar backgrounds and current GDPs, they differ substantially in economic policies. Because of limited resources, your company can only expand into one country. You would like to invest...
Government QUESTION 1 According to economists, the United States is considered to have full employment only...
Government QUESTION 1 According to economists, the United States is considered to have full employment only when unemployment levels reach 0.        True        False QUESTION 2 Laissez faire economics supports the idea that:        the government should bail out financially troubled corporations        the government should take a hands off approach and not interfere with the economy        the national government should nationalize, or take control of, the nation s largest businesses       ...
Case Study: Freeman-Brown Private School (FBPS), based in Illinois, was founded in 1944 by the Brown...
Case Study: Freeman-Brown Private School (FBPS), based in Illinois, was founded in 1944 by the Brown and Freeman families. Over the years, the school acquired a reputation as a leading academic institution with an advanced curriculum. Parents described the school as having a highly performing academic environment that provided a rigorous curriculum while fostering a safe, family-oriented atmosphere in a place where community was valued. Not surprisingly, the student population grew and the school opened multiple campuses in the metropolitan...
Paul Mueller (Links to an external site.)Links to an external site. June 30, 2017 Capitalism is...
Paul Mueller (Links to an external site.)Links to an external site. June 30, 2017 Capitalism is a divisive and misunderstood term—exceeded in its misapprehension only, perhaps, by socialism. While support for socialism has had a resurgence owing to the last election, capitalism still hangs under the dark cloud of notoriety given to it by the coiner of the term, Karl Marx. Writing in the heat and filth of Britain’s industrial revolution, Marx observed massive changes in society—and massive suffering. He...
Read This before You Ever Debate "Capitalism" Again Paul Mueller (Links to an external site.)Links to...
Read This before You Ever Debate "Capitalism" Again Paul Mueller (Links to an external site.)Links to an external site. June 30, 2017 Capitalism is a divisive and misunderstood term—exceeded in its misapprehension only, perhaps, by socialism. While support for socialism has had a resurgence owing to the last election, capitalism still hangs under the dark cloud of notoriety given to it by the coiner of the term, Karl Marx. Writing in the heat and filth of Britain’s industrial revolution, Marx...
Reflect back on your draft. Reread it. Analyze it. What are the strengths of your draft?...
Reflect back on your draft. Reread it. Analyze it. What are the strengths of your draft? What areas will need improvement? The Treatment of Special Needs Children Abstract            Special needs children are still on the receiving end of abuse despite the increased clamor against their mistreatment. Also, they are likely to face discrimination and abuse in their homes and their social spheres; they have limited opportunities for quality education and can find trouble getting adequate medical assistance. The management of...
QUESTION 1 Which one of the following would NOT be necessary for an offer to have...
QUESTION 1 Which one of the following would NOT be necessary for an offer to have legal standing? A. The language must reflect the intent to become a party to a contract. B. All of the conditions under which the offer would be terminated must be identified. C. All the significant terms and/or conditions must be contained in the offer. D. The offer must be effectively communicated to the other party. 3 points    QUESTION 2 Which one of the...
PRODUCTION PLANNING AT VIKTOR LENAC SHIPYARD Professor Giorgio Sinković and Professor David M. Currie prepared this...
PRODUCTION PLANNING AT VIKTOR LENAC SHIPYARD Professor Giorgio Sinković and Professor David M. Currie prepared this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be transmitted, photocopied, digitized, or otherwise reproduced in any form or by any means without the permission of the copyright holder. Reproduction...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described itself as "a quarterly survey of business leaders from across the globe … surveying 11,500 businesses in 40 economies across the globe on an annual basis." 1 According to the 2011 IBR, the Asia Pacific region had a higher percentage (27 percent) of female chief executive officers (CEOs) than Europe and North America. Japan is the only Asia Pacific region exception. The report further...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT