Adam Smith claims that the proper role of governments is to restrict and regulate the self-interested behavior of business organizations for the common good.

Question

Quizplus · Accepted Answer

This statement is false. Adam Smith believed in a laissez-faire approach to economics, advocating for minimal government intervention in business affairs. He believed that the invisible hand of the market would naturally regulate self-interested behavior and lead to societal benefits.

Adam Smith Claims That the Proper Role of Governments Is