Responses
Governments create laws limiting where businesses can trade.
Governments create laws limiting where businesses can trade.
People rely on monopolies to give them the best goods and services.
People rely on monopolies to give them the best goods and services.
Businesses are free to trade in any way that works best for them.
Businesses are free to trade in any way that works best for them.
Silver and gold are the most important measure of a country’s wealth.
1 answer
In a free trade system such as the one Adam Smith explained in "Wealth of Nations," the true statement is:
Businesses are free to trade in any way that works best for them.
Adam Smith advocated for free markets and trade, arguing that individuals and businesses should have the freedom to trade according to their own interests, leading to increased efficiency and wealth for nations.
