Responses
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 protection of private property leads to inequality.
The protection of private property leads to inequality.
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, often referred to as the father of modern economics, advocated for a free market economy where individual self-interest leads to economic prosperity, suggesting that minimal government intervention is best for the economy.
