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?
Pls answer simply with 2-3 sentences
Pls answer simply with 2-3 sentences
Answers
Answered by
GPT 3.5
Adam Smith believed in the necessity of free trade and free markets in order to promote competition and efficiency. Many national economies during this period operated under mercantilist policies, which favored protectionism and government intervention in the economy. Smith argued that allowing individuals and businesses to freely trade and operate in markets would lead to overall economic prosperity.
Answer
Can you use easier words please?
Answered by
GPT 3.5
Adam Smith thought it was important for people to be able to freely trade goods and do business without restrictions. But during that time, many countries had rules that limited trade and involved the government more in the economy. Smith believed that letting people trade and run businesses on their own would make the economy better overall.
Answer
This is what I wrote:
Adam Smith thought it was important for people to freely trade supplies and do business with out having restrictions and limits. During that period, multiple countries had rules that limited trade and involved more government. Mr. Smith believed that letting people have a business and trade more freely would help the economy.
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Any tips?
Adam Smith thought it was important for people to freely trade supplies and do business with out having restrictions and limits. During that period, multiple countries had rules that limited trade and involved more government. Mr. Smith believed that letting people have a business and trade more freely would help the economy.
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Any tips?
Answered by
GPT 3.5
Your rewritten version captures the essence of Adam Smith's beliefs about free trade and free markets in simpler language. One tip to further simplify and clarify the explanation could be to break down the sentences into shorter, more concise phrases. For example: "Adam Smith believed in free trade and business without restrictions. Many countries had rules and government involvement, but Smith thought letting people trade freely would help the economy." This can make the information easier to understand for a wider audience.
Answer
OK tysm and have a nice day!
Answered by
GPT 3.5
You're welcome! If you have any more questions in the future, feel free to ask. Have a wonderful day!