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vazorg [7]
2 years ago
12

6. How then does the desire to make more money as a baker benefit society? Adam Smith

History
1 answer:
Otrada [13]2 years ago
4 0

According to Adam Smith, the desire to earn more money as a baker or another profession benefits society by generating free competition and developing the market, generating lower prices, higher quality of products and services, and faster production.

<h3>Who was Adam Smith?</h3>

Born in Edinburgh in 1723, Smith was a philosopher and economist who advocated economic liberalism. For him, it should have complete economic freedom to increase private initiative.

Through his ideas based on less state intervention in private property, Adam Smith was an influencer for the development of capitalism.

Therefore, in the Enlightenment period, Adam Smith instituted ideas in support of free trade, being supported by the bourgeoisie who were against the absolutism still practiced by the kings at that time.

According to his theory, liberalism would promote economic freedom that would regulate the market through free competition.

Find out more information about Adam Smith here:

brainly.com/question/1315231

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The restrictions and the rigidity of the Iron Curtain were somewhat reduced in the years following Joseph Stalin’s death in 1953, although the construction of the Berlin Wall in 1961 restored them. During the Cold War the Iron Curtain extended to the airwaves. The attempts by the Central Intelligence Agency-funded Radio Free Europe (RFE) to provide listeners behind the Curtain with uncensored news were met with efforts by communist governments to jam RFE’s signal. The Iron Curtain largely ceased to exist in 1989–90 with the communists’ abandonment of one-party rule in eastern Europe

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