Adam Smith's idea was that,in a capitalist system,government tells businesses what to produce and consumers what to buy.

Question

Quizplus · Accepted Answer

This statement is false. Adam Smith believed in the free market system, where the government should not interfere with business decisions or consumer choices. In a capitalist system, businesses decide what to produce based on consumer demand and consumers decide what to buy based on their preferences and purchasing power.

Adam Smith's Idea Was That,in a Capitalist System,government Tells Businesses