The classical view of economics holds that a society can best determine its needs and wants through

Question

Quizplus · Accepted Answer

The classical view of economics is based on the idea of free market capitalism, which emphasizes the role of the marketplace in determining what goods and services are produced, how they are produced, and for whom they are produced. In this view, the forces of supply and demand provide the most efficient and effective means of allocating resources in a society. Therefore, the best way to determine the needs and wants of a society is through the free market system.

The Classical View of Economics Holds That a Society Can