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Lyrx [107]
2 years ago
8

Who did Adam Smith think should be in charge of the economy? * *

Social Studies
2 answers:
iragen [17]2 years ago
8 0
The workers.
- Smith believed that economic development was best fostered in an environment of free competition that operated in accordance with universal “natural laws.” Because Smith's was the most systematic and comprehensive study of economics up until that time, his economic thinking became the basis for classical economics.
jeka942 years ago
3 0
Adam smith thought the workers should be in charge of the economy.
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Katherine's opportunity cost of attending the lecture is: the transportation and time cost of getting to the lecture event itself plus the reduction in her physics exam grade by not studying tonight.

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The opportunity cost is the "cost" lost by not enjoying the benefit associated with the chosen alternative choice. People usually make use of opportunities to make themselves better.

The opportunity cost can be explained as giving up of profit or value to achieve something else. Opportunity cost is the value of giving up the best thing whenever you make a decision. When Katherine decided to attend the lecture of her favorite author, she lost her time, transportation cost and even scored low grade in physics exam as didn’t study on exam night.

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