According to Adam Smith, what should a person never attempt to make at home?
A)What it will cost him more to make than to buy.
B)Everything one person needs to live.
C)What one doesn't know how to make.
D)Any necessity of life.

Question

Quizplus · Accepted Answer

Adam Smith states in his book "The Wealth of Nations" that a person should not attempt to make at home what it will cost him more to make than to buy. This is because it is not economically efficient and it would be better to allocate resources elsewhere.

According to Adam Smith, What Should a Person Never Attempt