Final answer:
During the Industrial Revolution, a free market system without government regulation had several disadvantages, including poor working and living conditions for laborers, wealth inequality, and the emergence of monopolies and trusts.
Step-by-step explanation:
During the Industrial Revolution, a free market system without government regulation had several disadvantages. One of the major disadvantages was the poor working and living conditions for laborers. They often worked long hours in dangerous environments and were paid low wages. Another disadvantage was the inequality in wealth distribution, where wealthy owners amassed fortunes while workers struggled to make ends meet. Lastly, the lack of regulation led to monopolies and trusts that limited competition and exploited consumers.