According to Adam Smith, the welfare of society will be maximized by

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According to Adam Smith, the welfare of society will be maximized by a free and unrestrained market. Smith believed that individuals pursuing their own self-interest in a competitive market would result in the greatest benefit for society as a whole. He argued that government intervention should be minimal, and that markets should be free from regulation and control as much as possible. This approach became known as laissez-faire capitalism.

According to Adam Smith, the Welfare of Society Will Be