Define the term laissez-faire and describe the cost and benefits of the laissez-faire approach to economic policy in the late 1800s. As part of your answer outline hiw the relationship between the federal government and private business changed during the late 1800s and explain whether government policy was shaped solely by laissez-faire ideas

George works in a factory and is a member of the labor union. he thinks his wages are low for the work that he does, so he tells the union representative that his employer should increase his wages. the representative asks the other workers if they feel the same, and they all agree. the following week, the union representative met with the factory owner regarding an increase in wages, and the employer agred to it. what strategy did the union use to get the owner to agree to increase wages? a individual bargaining b. threaten to go on a strike c. collective bargaining d. threaten to quit their jobs e filing a petition to the government reset next ntum. all rights reserved.