In practice, the "freedom of contract" principle meant that __________________.
A) employers increased workers' wages as the cost of living increased
B) employers could set pay as low as workers would accept
C) wages automatically increased as profits increased
D) employers recognized the right of workers to bargain collectively

Question

Quizplus · Accepted Answer

The "freedom of contract" principle allowed employers to set the pay for their workers as low as the workers were willing to accept. Essentially, it meant that the market, rather than any sort of regulation, dictated wages. This often led to low wages and poor working conditions, especially for vulnerable workers who had little bargaining power.

In Practice, the "Freedom of Contract" Principle Meant That __________________