Responses
Governments should not interfere with the economy.
Governments should not interfere with the economy.
Governments open new factories to meet demand for goods.
Governments open new factories to meet demand for goods.
Companies make more of a product even though few people buy it.
Companies make more of a product even though few people buy it.
Consumers make companies create new types of products.
1 answer
The response that best illustrates what happens when supply and demand work as they should, according to Adam Smith, is:
Governments should not interfere with the economy.
Adam Smith advocated for a free market where supply and demand determine prices and production without government intervention.
