Asked by tt
Which of the following is a belief about economics supported by Adam Smith?(1 point)
The protection of private property leads to inequality.
Individuals should gather wealth for the well-being of all people.
The government should act to protect domestic industries from competition.
The government should have little involvement in the economy.
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Answered by
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The government should have little involvement in the economy.
Adam Smith argued for free markets and limited government intervention (laissez-faire), believing that individuals pursuing their own self‑interest would, via the "invisible hand," promote general prosperity.
Adam Smith argued for free markets and limited government intervention (laissez-faire), believing that individuals pursuing their own self‑interest would, via the "invisible hand," promote general prosperity.
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