Adam Smith is most associated with which concept?
A)socialism
B)statism
C)laissez-faire
D)communism

Question

Quizplus · Accepted Answer

Adam Smith is most associated with the concept of laissez-faire, which is a free-market economic system in which the government does not interfere with the economy. In his book "The Wealth of Nations," Smith argued that a free market would lead to the most efficient allocation of resources and promote economic growth.

Adam Smith Is Most Associated with Which Concept