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rosijanka [135]
3 years ago
6

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

History
1 answer:
professor190 [17]3 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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A uncooked cloth, additionally referred to as a feedstock, unprocessed cloth, or number one commodity, is a simple cloth this is used to supply goods, completed goods, energy, or intermediate substances which might be feedstock for destiny completed products. As feedstock, the time period connotes those substances are bottleneck belongings and are required to supply different products. The time period uncooked cloth denotes substances in unprocessed or minimally processed states; e.g., uncooked latex, crude oil, cotton, coal, uncooked biomass, iron ore, air, logs, water, or "any made of agriculture, forestry, fishing or mineral in its herbal shape or which has passed through the transformation required to put together it for global advertising in full-size volumes".

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