3 years ago

Which of the following accurately summarizes an idea of Scottish Enlightenment philosopher Adam Smith?

History

1 answer:

Varvara68 [4.7K]3 years ago

4 0

Answer:

Economic markets will regulate themselves without government interference.

Explanation:

Smith favors free markets and the system of capitalism.

capitalism: the economic system in which free markets operate and are motivated by the investment of individuals who wish to see profits accrue from business enterprise

He trusts an "invisible hand" that causes markets to regulate themselves. Smith also supports laissez-faire economic policies. In this approach, the government does not interfere in a nation's economy.

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