In an economic system of laissez faire, workplace rules will favor management when labor demand is high and labor supply is low.

Question

Quizplus · Accepted Answer

In a laissez-faire economic system, the market forces of supply and demand determine conditions, including wages and workplace rules, rather than management or government policies favoring one side. High labor demand and low supply typically empower workers to negotiate better conditions.

In an Economic System of Laissez Faire, Workplace Rules Will