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Alexxx [7]
3 years ago
11

Which of the following statements best describes the economic theories of Adam Smith?

Social Studies
2 answers:
svet-max [94.6K]3 years ago
6 0

Answer:

B) Private individuals and businesses ought to answer most economic questions for themselves.

Explanation:

Adam Smith is one of the thinkers who first introduced the idea of Liberalism. Economic liberalism advocates non-state intervention in the economy, free competition, free exchange, and private property. For this theory, the individual is the economic agent and, for this reason, the state should not interfere in economic activities with many rules. If there is any misfit, the market itself will naturally correct it, ie it is self-regulating.

Angelina_Jolie [31]3 years ago
5 0
B. <span>Private individuals and businesses ought to answer most economic questions for themselves.</span>
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borishaifa [10]

Answer:

Local authorities.

Explanation:

The most local legislative branch is the local council of a town or a county. They are very limited in power. Another local legislative branch is county commision, which are represented by the County Comission members.

A state legislature is the lowest level of the legislature, which transferred most of its power to state or federative bodies. Even though, federal government derives its power from the state and local bodies, state and local bodies give that power to the federal government through its representatives and lawmakers.

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inysia [295]
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Answer:

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dentify each statement as portraying fieldwork as a social science or as an art. Social Science Drag appropriate answer(s) here
LekaFEV [45]

Solution :

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2 years ago
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matrenka [14]
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hope this helps</span>
6 0
3 years ago
Read 2 more answers
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