Answer: According to Adam Smith, in a market economy, there is "little" need for government intervention because the invisible hand of the marketplace guides the market.
Explanation: Plato answer
Adam Smith's opinoin about government's intervention in the markert is that they should let the market operate on it own.
The definition of free marktet is one in which buyers and sellers are the key players that decide the cost of goods and services.
In summary third party regulators do not decide market dynamics.
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