Question

many opponents of the sherman antitrust act supported laissez-faire policies. what was one of the key idea of laissez-faire ?

Answer 1

The key ideas of a laissez-faire approach to government was that "1) Government regulation made goods more costly", since it regulated the way in which goods could be produced and sold.

Answer 2

Government regulation made goods more costly.

Step-by-step explanation:

This is one key idea of laissez-faire economics. Laissez-faire economics is the idea that markets function in a much better way when they are left on their own, and are not controlled or regulated by the government. People who subscribe to this ideology believe that the markets have the ability to regulate themselves without intervention, and that government control only makes goods more expensive, industries less competitive and countries poorer.