Adam Smith was the father of capitalism, the theory that individuals should own the means of production and government should not become involved. It was because of his thinking that private business enterprises were allowed to develop unhindered with their sole motive being profit.
Smith was the author of <span>An Inquiry into the Causes of the Wealth of Nations. </span>He opposed the old theory of Mercantilism and suggested private ownership of enterprise instead. His argument was that government should only provide those services which could not be offered by private enterprise for profit, primarily national defense and public services such as police protection and water and sewer. He illustrated the operation of the factory system by describing a pin factory:
One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head….and the important business of making a pin in this manner, divided into about eighteen distinct operations
<span><span>Adam Smith was the father of capitalism, the theory that individuals should own the means of production and government should not become involved. It was because of his thinking that private business enterprises were allowed to develop unhindered with their sole motive being profit.Smith was the author of <span>An Inquiry into the Causes of the Wealth of Nations. </span>He opposed the old theory of Mercantilism and suggested private ownership of enterprise instead. His argument was that government should only provide those services which could not be offered by private enterprise for profit, primarily national defense.Hope this helped!:)</span></span>
The correct answer is b. she edited the New York Tribune.Fuller was the first full-time literary critic in American journalism. She worked for New York Tribune for four years, publishing 250 columns. Before New York Tribune, she was also an editor for The Dial.
Social Security provides a foundation of income on which workers can build to plan for their retirement. ... Eighty-five years after President Franklin Roosevelt signed the Social Security Act on August 14, 1935, Social Security remains one of the nation's most successful, effective, and popular programs
India and China claim few slaves with a lion's share of their populace as the low class that did likewise fill in as the slaves. The Indians and Chinese were not noticeable in bondage as the Greco-Romans since they had their kin taking the necessary steps that the slaves did. The Chinese and Indians one might say had slaves it was quite recently that the slave was called something different and held a higher economic wellbeing than simple slaves.
