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rosijanka [135]
4 years ago
6

Why does Adam Smith think that the government should stay out of economic affairs?

History
1 answer:
professor190 [17]4 years ago
8 0
The government stays out of affairs and lets the market mange itself. In this vien, Adam Smith’s “invisible hand” is the idea that there is an invisible force or hand that drives and manages the economy. People who subscribe to this form of economic thought usually favor small government intervention...they think the market will take care of itself and doesn’t need government subsidies, regulation, etc.
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This amendment was a revision of the principles of federalism in the constitution. It was Johnson who sent a message to Congress requesting that the amendment be rejected, while also advising the people of the South to oppose it.

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