Laissez Faire State versus Welfare State
Answers
Explanation:
The driving principle behind laissez-faire, a French term that translates as "leave alone" (literally, "let you do"), is that the less the government is involved in the economy, the better off business will be—and by extension, society as a whole. Laissez-faire economics are a key part of free market capitalism.
a system whereby the state undertakes to protect the health and well-being of its citizens, especially those in financial or social need, by means of grants, pensions, and other benefits. The foundations for the modern welfare state in the UK were laid by the Beveridge Report of 1942; proposals such as the establishment of a National Health Service and the National Insurance Scheme were implemented by the Labour administration in 1948.
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