How was Adam Smith's position about the necessity of free trade and free markets different from how many national economies oper

Question

Alex17521 [72]

2 years ago

14

How was Adam Smith's position about the necessity of free trade and free markets different from how many national economies oper

ated during this period?

History

1 answer:

goblinko [34] · Answer 1 · 2022-11-20T23:59:09+03:00

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.