The philosophy of classical economics developed by Adam Smith _____________.
A)was adopted by the Aborigines in the Kakadu region of Australia
B)argues that individuals acting in their own self -interest harm society
C)assures equality between rich and poor
D)proposes maintenance of economies through government restraint and regulation
E)advocates free -market policies that many credit for the tremendous gains in material prosperity of industrial nations

Question

Quizplus · Accepted Answer

The philosophy of classical economics developed by Adam Smith advocates free-market policies that many credit for the tremendous gains in material prosperity of industrial nations. It emphasizes the importance of individual self-interest and competition in driving economic growth and efficiency, and argues against excessive government intervention in the market.

The Philosophy of Classical Economics Developed by Adam Smith _____________