Who was one of the first proponents of employing market economies instead of command economies?
A) Robert Heilbroner.
B) Karl Marx.
C) Jeffrey Sachs.
D) Adam Smith.

Question

Quizplus · Accepted Answer

Adam Smith, a Scottish economist, was one of the first proponents of employing market economies instead of command economies. In his book "The Wealth of Nations" published in 1776, he advocated for free markets, division of labor, and limited government intervention in economic affairs. He is considered one of the fathers of modern economics and a key figure in the development of capitalism.

Who Was One of the First Proponents of Employing Market