Adam Smith maintained that all of the following were essential to a market
Economic system except:

Question

Quizplus · Accepted Answer

Adam Smith, often considered the father of modern economics, emphasized the importance of private property, freedom of choice, rational behavior, and competition in a market economy. He did not believe a large and powerful national government was essential; instead, he advocated for limited government intervention, arguing that markets function best when left to operate freely.

Adam Smith Maintained That All of the Following Were Essential