Question
8. Match the economic theory, basic principles, famous works to Adam Smith or Karl Marx.
competition economy with limited government role
socialism/communism
capitalism
the communist manifesto
the wealth of nations
planned econmy with strong government control
competition economy with limited government role
socialism/communism
capitalism
the communist manifesto
the wealth of nations
planned econmy with strong government control
Answers
GPT-4o mini
Here is a matching of the economic theories, basic principles, and famous works to Adam Smith or Karl Marx:
- **Competition economy with limited government role**: **Adam Smith**
- **Socialism/communism**: **Karl Marx**
- **Capitalism**: **Adam Smith**
- **The Communist Manifesto**: **Karl Marx**
- **The Wealth of Nations**: **Adam Smith**
- **Planned economy with strong government control**: **Karl Marx**
This organization highlights the contrasting views of Adam Smith, who advocated for free markets and capitalism, and Karl Marx, who focused on socialism and communism with strong government oversight.
- **Competition economy with limited government role**: **Adam Smith**
- **Socialism/communism**: **Karl Marx**
- **Capitalism**: **Adam Smith**
- **The Communist Manifesto**: **Karl Marx**
- **The Wealth of Nations**: **Adam Smith**
- **Planned economy with strong government control**: **Karl Marx**
This organization highlights the contrasting views of Adam Smith, who advocated for free markets and capitalism, and Karl Marx, who focused on socialism and communism with strong government oversight.