Adam Smith, in his book Wealth of Nations, contributed to the development of capitalism by

promoting the benefits of communism

suggesting that the government limit competition

defending the idea of free markets

supporting the theories of socialism

Question

Social Studies

Lailah Mcfarland

6 April, 06:13

Adam Smith, in his book Wealth of Nations, contributed to the development of capitalism by

promoting the benefits of communism

suggesting that the government limit competition

defending the idea of free markets

supporting the theories of socialism

+5

Answers (2)

Know the Answer?

Corbin Obrien · Answer 1

Answer: defending the idea of free markets

Jorge Fernandez · Answer 2

Good choice: Defending the idea of free markets.

Explanation:

Adam Smith (1723-1790) is a Scottish social philosopher and political economist. He exposed his ideas on economy in his famous work An Inquiry into the Nature and Causes of the Wealth of Nations. He advocated free enterprise over government-controlled economic activities. He is seen as a father of laissez-faire capitalism.

Adam Smith, in his book Wealth of Nations, contributed to the development of capitalism bypromoting the benefits of communismsuggesting that the government limit competitiondefending the idea of free marketssupporting the theories of socialism

Adam Smith, in his book Wealth of Nations, contributed to the development of capitalism by

promoting the benefits of communism

suggesting that the government limit competition

defending the idea of free markets

supporting the theories of socialism