Smith argued that by giving everyone freedom to produce and exchange goods as they pleased (free trade) and opening the markets up to domestic and foreign competition, people's natural self-interest would promote greater prosperity than with stringent government regulations.
Answer: Germany lost 10% of its land, all its overseas colonies, 12.5% of its population, 16% of its coal and 48% of its iron industry. There were also the humiliating terms, which made Germany accept blame for the war, limit their armed forces and pay reparations.
Explanation: hope its correct:)
The central government controls the economy in a communist nation.
