Proponents of the Free Market Approaches to Accounting Regulation Use

Proponents of the free market approaches to accounting regulation use Adam Smith (1937) as a basis for support.Which of the following is not associated with Adam Smith's writings on the workings of the free market?

A) The concept of the 'invisible hand' to guide allocation of resources for individuals and, as a result, does so for the market as a whole.
B) No government intervention is necessary, as the free market can optimally allocate and distribute resources.
C) Individuals pursuing their own self-interest results in resources finding their way to their most productive use for the economy as a whole.
D) All of the given options are correct.