The 18th-century economist,Adam Smith,believed in free markets but thought that ________ was required to make markets free.

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Adam Smith believed that a sovereign state was required to make markets free. He argued that the role of the government should be limited to establishing the rule of law, protecting property rights, and ensuring national defense. This would create a stable and predictable environment for free markets to operate.

The 18th-Century Economist,Adam Smith,believed in Free Markets but Thought That