Question

How was Adam Smith's position about the necessity of free trade and free markets different from how many national economies operated during this period?

I am looking to get either an explanation or an answer to this question, as it is the only one I'm stuck on.

Answer 1

First, make sure you understand what “free market” means. Also, what Adam Smith’s position was.

Then, identify what was going on in “national economies operated during this period” and what “this period” was.

Contrast the two types of economies; then figure out the positives of “free market” to understand the Smith’s position.

Answer 2

Thanks mate!