Question

Econ tho... ~

Explain why Adam Smith would agree or disagree with the following statement: "The free market system does not need to be heavily regulated by a government or another outside force."

;-; help?

Answer 1

Answer:

Adam Smith would agree

Explanation:

Adam Smith is commonly known as the founder of Capitalism and a major component of Capitalism is the lack of government involvement, as the economy is more free and open the more Capitalism it is and this the more close to Adam Smith's ideals it would be. Just keep government involvement to a minimum and free enterprise high and you will be very Capitalistic.