Adam Smith believed that the government should allow business to operate freely.
Adam Smith was a believer in the free market which meant that he felt the government should interfere as little as possible in the activities of businesses.
This is not to say that he did not believe the government had no role. He actually believed that the government should:
- provide a means for contracts to be enforced if parties renegaded on their duties
- grant patents to protect the inventions of people
- protect the nation and businesses to enabled the promulgation of commercial activities
In conclusion, Adam Smith believed that the government should not interfere with the running of business but should protect them and the business environment.
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While WWI was fought in the trenches and used machine guns and poisonous gas, WWII was fought using modern artillery and machines utilizing more airplanes, ships, tanks, and submarines. Special operations methods were also developed during this war together with atomic missiles and secret communications.
Hello there.
An early economic system, mercantilism, was founded on what practice?
Trade internationally with both raw materials and manufactured goods, where ever they may be found.
Answer:
Samuel Gompers
Explanation:
During World War I, Gomlers and the AFL openly supported the war effort, attempting to avert strikes and boost morale while raising wage rates and expanding membership.
The death of duke ferdinand
