Which of the following is a belief about economics supported by Adam Smith?(1 point)
Responses
The protection of private property leads to inequality.
The protection of private property leads to inequality.
Individuals should gather wealth for the well-being of all people.
Individuals should gather wealth for the well-being of all people.
The government should have little involvement in the economy.
The government should have little involvement in the economy.
The government should act to protect domestic industries from competition.
1 answer
The belief about economics supported by Adam Smith is:
The government should have little involvement in the economy.
Adam Smith, in his seminal work "The Wealth of Nations," argued for minimal government intervention in economic matters, advocating for the "invisible hand" of the market to guide economic activity.
