Adam Smith asserted that laborers must be tightly controlled to preserve economic growth.

Name: Adam Smith asserted that laborers must be tightly controlled to preserve economic growth.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

This statement is false. Adam Smith believed that individual self-interest and competition between businesses would lead to economic growth and prosperity, not tight control of laborers. He advocated for a free market economy where individuals, not the government, controlled economic decisions.

Adam Smith Asserted That Laborers Must Be Tightly Controlled to Preserve