According to Adam Smith, the desire to earn more money as a baker or another profession benefits society by generating free competition and developing the market, generating lower prices, higher quality of products and services, and faster production.
<h3>Who was Adam Smith?</h3>
Born in Edinburgh in 1723, Smith was a philosopher and economist who advocated economic liberalism. For him, it should have complete economic freedom to increase private initiative.
Through his ideas based on less state intervention in private property, Adam Smith was an influencer for the development of capitalism.
Therefore, in the Enlightenment period, Adam Smith instituted ideas in support of free trade, being supported by the bourgeoisie who were against the absolutism still practiced by the kings at that time.
According to his theory, liberalism would promote economic freedom that would regulate the market through free competition.
Find out more information about Adam Smith here:
brainly.com/question/1315231
The Chesapeake colonies of Virginia and Maryland served a vital purpose in the developing seventeenth-century English empire by providing tobacco, a cash crop.
<span>The Elementary Education Act 1870 was a British Parliamentary Act that was passed to ensure the schooling of all children from the age of five to twelve. Schools were now run by local groups and were inspected to make sure there were places for every child registered in the area. Schools were also now publicly funded, although fee-paying schools still existed.</span>
Answer:
Explanation:
The Aztecs were very advanced scientific thinkers and mathematicians. The Aztec number system was far more advanced than other cultures at the time. Aztec astronomy was also an important component of their calendar, which reflected heavily on their gods. The Aztecs were also advanced in the development of medicine. Hope that helps and don't forget to friend me, okay?
I personally believe it's false
