The excerpt supports the concept of laissez-faire capitalism. It suggests that individuals, regardless of their wealth, unintentionally contribute to the distribution of resources in a way that benefits society as a whole, which aligns with the principles of laissez-faire economics where minimal government intervention leads to the natural regulation of the market.
Use the excerpt to answer the question.
"[The rich] consume little more than the poor, and in spite of their natural selfishness and rapacity ...they divide with the poor the produce of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species."
What economic system does the evidence support?
(1 point)
utopian socialism
communism
mercantilism
laissez-faire capitalism
1 answer
1 answer