2 years ago

How did smiths concept of laissez-faire contrast with mercantilist ideas?

1 answer:

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Answer:

Laissez-faire economics, in contrast, draws on the intelligence and creativity of individuals in aggregate. A free market that has limited, but some government. Workers are not exploited in a free market but rather entrepreneurship flourishes in workshops and projects with intellectual capital. Adam Smith’s laissez-faire economics meant:

Explanation:

I did this on edmentum and got a 100% on my test.

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