Responses
The government should have little involvement in the economy.
The government should have little involvement in the economy.
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 act to protect domestic industries from competition.
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 advocated for a free market economy, where individual self-interest and competition could lead to economic prosperity without heavy government intervention.
