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svetlana [45]
3 years ago
11

who believed that the best economic system was one in which businesses compete to gain profit with minimal or no government cont

rol
History
2 answers:
kicyunya [14]3 years ago
8 0
I believe Economist such as Adam smith would believe that.
Adam smith is one of the original economists that popularized the free market system. He believed that even with less or no Government intervention, the Market will regulate itself to the power of 'invisible hands' (or what we known as the power of supply and demand that always move toward equilibrium)
juin [17]3 years ago
7 0

Answer:   Adam Smith

Scottish philosopher Adam Smith (1723-1790) was strongly critical of the economic system that prevailed in his era.  Smith criticized what he called the "mercantile system" because it restricted trade and thus restricted economic growth.  The mercantile system believed the wealth of the world was a fixed amount, measured primarily in gold and silver accumulated.  The system promoted a nation selling its products abroad but not needing to buy from others, or imposing heavy tariffs if importing anything.  Colonies were created to provide raw materials and resources to the mother country and a market for the mother country's products.  Commerce was heavily controlled by the government through charters granted to specific trading companies.

Adam Smith countered by advocating a free market -- the opportunity individual businessmen and for all nations to increase their wealth by exchanging goods freely with one another according to what would become known as capitalist principles.  We also speak of <em>"laissez-faire"</em> ("let go") as a term for this sort of free-market economy, set free from government controls.  This term came from a French group of thinkers called the Physiocrats (meaning "rule by nature') who were working during the same 18th century era as Smith. The Physiocrats and Smith were in agreement about getting government out of the business of controlling business.

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Answer:

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Explanation:

The answer is an explanation in itself

3 0
3 years ago
In the ancient world, how were painters and sculptors viewed? art history
weqwewe [10]
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What factors do you think affect the number of people who attend professional sporting events?
9966 [12]
여보세요
hope me help
good day
8 0
3 years ago
Why did Germany declare war on Russia
Elena-2011 [213]

Your question is in reference to the beginnings of World War I.  The answer is:

<h2>Germany felt threatened because Russia mobilized its forces on Germany's eastern borders.</h2>

Explanation/context:

The systems of alliances and military plans which were put in place before World War I presupposed a major war between the countries which were tied together with alliances.  The Triple Entente had Britain, France and Russia as allies.  Germany was part of a group of allies in opposition to the Triple Entente.  

So here's what happened to start the Great War (World War I).  When an Austrian prince and his wife were assassinated in Serbia, the Austrian Empire threatened the nation of Serbia with retaliatory action (even though the assassination was carried out by a terrorist group, not the Serbian government). Russia responded to Austria's threat, because Russia was bound to protect its Slavic ally, Serbia. Germany responded to the mobilization of Russian troops, and when Germany declared war on Russia in 1914, they implemented the Schlieffen Plan (drawn up by one of their generals), which called for them to go on attack vs. France.  That pulled France and Britain into the war immediately as well, and the war spread and became a global conflict.

4 0
3 years ago
Which describes one reason for the end of long cattle drives?
koban [17]
The right answer for the question that is being asked and shown above is that: "B. As homesteaders moved into areas along cattle trails, they fenced their farms." One reason for the end of long cattle drives is that as<span> homesteaders moved into areas along cattle trails, they fenced their farms.</span>
4 0
3 years ago
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