Why did Adam Smith oppose mercantilism?

A. Mercantilism required government regulation of trade.

B. Mercantilism led to the maximum well-being of society.

C. He thought that feudalism was the best economic system.

D. He wanted a return to a traditional economy

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Carla Richard

31 August, 12:48

Why did Adam Smith oppose mercantilism?

A. Mercantilism required government regulation of trade.

B. Mercantilism led to the maximum well-being of society.

C. He thought that feudalism was the best economic system.

D. He wanted a return to a traditional economy

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Tiffany Morse · Answer 1

He argued that purchasers of luxury goods created a livelihood for the poor, whereas the miser who saved his money caused them to die in distress. Mercantilism is thought to have begun its intellectual eclipse with the publication of Adam Smith's Wealth of Nations in 1776

Why did Adam Smith oppose mercantilism?A. Mercantilism required government regulation of trade.B. Mercantilism led to the maximum well-being of society.C. He thought that feudalism was the best economic system.D. He wanted a return to a traditional economy

Why did Adam Smith oppose mercantilism?

A. Mercantilism required government regulation of trade.

B. Mercantilism led to the maximum well-being of society.

C. He thought that feudalism was the best economic system.

D. He wanted a return to a traditional economy