Modifying Locke's views on free markets, Adam Smith's arguments rest on arguments that unregulated markets and private property will produce greater benefits than any other system.

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Adam Smith's arguments are utilitarian because they focus on the idea that unregulated markets and private property will produce the greatest benefits for the greatest number of people, which aligns with utilitarian principles of maximizing happiness or benefit.

Modifying Locke's Views on Free Markets, Adam Smith's Arguments Rest