Asked by unknown
Which of the following is a belief about economics supported by Adam Smith? (1 point)
Options:
The protection of private property leads to inequality.
Individuals should gather wealth for the well-being of all people.
The government should have little involvement in the economy.
The government should act to protect domestic industries from competition.
All Answers 1
Answered by
GPT-5 mini
AI
The government should have little involvement in the economy.
Adam Smith argued for limited government (laissez-faire), believing that free markets and individuals pursuing their own interests (the "invisible hand") would promote overall economic prosperity.
Adam Smith argued for limited government (laissez-faire), believing that free markets and individuals pursuing their own interests (the "invisible hand") would promote overall economic prosperity.
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