More products available at lower prices

As producers compete with each other for business, they often decrease prices.

Encourages technological progress and rapid growth of industry

Producers will work hard to find more efficient ways of doing business if they know that they will reap the rewards of that hard work in the form of profits.

Long work days

Without government regulations, producers often enforced a 10-12 hour work day (even for children).

Low quality products

Without government regulations, producers made the products as cheaply as possible often sacrificing quality in the process.

Unsafe working conditions

In order to keep production costs low, producers often sacrificed the safety of the workers in the factory.