What did Adam Smith's capitalism have that was lacking in the old mercantilist way of organizing the economy?
A) freedom to pursue high demand or low supply
B) import quotas
C) sanctioning monopolies
D) regulation of tradesmen

Question

Quizplus · Accepted Answer

Adam Smith's capitalism emphasized the freedom for individuals to pursue economic activities in areas of high demand or low supply, contrasting with the mercantilist focus on regulation and control.

What Did Adam Smith's Capitalism Have That Was Lacking in the Old