1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ololo11 [35]
3 years ago
8

Describe two roles of government intervention that Adam Smith conceded were necessary in their approach to the economy.

History
2 answers:
Mnenie [13.5K]3 years ago
7 0

Adam Smith is considered the founder of modern economics. He stated that the economic is guided by an invisible hand and that governments should interfere less in some areas of the economic to make it more efficient. He specified that government intervention could be best used in these areas.

1) The creation of social security regulations and also provide national defense to protect the society and all citizens from all the violence and invasions or attack forces from other societies. These of course,  is what every society  from every country would like to have.

2)  The government should establish an exact administration of justice in the context of order and law. These refers to have a court system to apply the right justice for all citizens of a society in an equal manner.  

melisa1 [442]3 years ago
3 0

For Adam Smith, two important roles that all government must fulfill are:

1) Create institutions that guarantee the safety of citizens as well as justice and respect for their civil rights.

2) Make trade easier by creating public infrastructure and means of communication and transportation.

You might be interested in
Explains the role of the legislative branch of the federal government.
12345 [234]

Answer:

Explanation:

the Legislative Branch consists of the House of Representatives and the Senate, which together form the United States Congress. The Constitution grants Congress the sole authority to enact legislation and declare war, the right to confirm or reject many Presidential appointments, and substantial investigative powers.

5 0
3 years ago
Read 2 more answers
What would you add to the constitution? Explain.
Ksivusya [100]

Answer:

o Step 1: Two-thirds of both houses of Congress pass a proposed constitutional amendment. This sends the proposed amendment to the states for ratification. o Step 2: Three-fourths of the states (38 states) ratify the proposed amendment, either by their legislatures or special ratifying conventions.

7 0
2 years ago
Define sweatshops. Do these still exist today anywhere in the world?
patriot [66]

Answer:

sweatshops are hard labor with little pay and little to no hygiene, these sweathsops could also have many safety hazards such as no fire exits, the sweatshop owners mistreat the workers

Sweatshops still exist they are most common in the east such as asia, china, etc.

4 0
2 years ago
How might have the invention of the telegraph prevent the war of 1812
Yakvenalex [24]

If Americans were aware of the repeal of England's Orders in Council, they may not have gone to war.

6 0
3 years ago
Read 2 more answers
Which of those groups benefit most from 19th century imperialism
oksian1 [2.3K]

Answer:

Imperial nations

Explanation:

"Which of those groups benefit most from 19th century imperialism"

Don't know the groups but it should be Imperial nations

6 0
2 years ago
Other questions:
  • What happened on black thursday that sent everyone into a panic??
    15·2 answers
  • In the United States, which assessment system measures inflation? A. demand for goods B. supply of goods C. consumer price index
    9·2 answers
  • In the summer of 1944, Allied forces converged on Berlin from which directions?
    11·1 answer
  • Anti-Jewish sentiment blaming Jews for the Treaty of Versailles,
    6·1 answer
  • I’m taking a test can someone help me
    8·1 answer
  • How would you summarize eisenhower's approach to Latin America?
    8·1 answer
  • What is the irony of the fire in lord of the flies chapter 12
    9·1 answer
  • What led to the existence of<br> Communism in Russia?
    9·1 answer
  • Rewrite one of the poems from the point of view of the father of Billie Jo. Be sure to remain focused on the topic and make sure
    10·1 answer
  • What did the Southern states have to do to be readmitted to the union after the Civil War? pass the Fourteenth Amendment ratify
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!