Answered

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Global 10
Base your answer to question 8 on the passage below and on your knowledge of social studies.
The Wealth of Nations carries the important message of laissez faire, which means that the government
should intervene as little as possible in economic affairs and leave the
market to its own devices. It
advocates the liberation of economic production from all limiting regulation in order to benefit the people
Source: Adam Smith, The Wealth of Nations published in 1776 from the NYS Global History and Geography
Regents Exam, June 2000.
8. According to Adam Smith what role should the government play in the economy?
A. The government should regulate businesses to make sure they use safe practices.
B. The government should restrict which businesses are allowed to open.
C. The government should make very few laws that affect businesses.
D. The government should play a role in helping businesses make as much money as possible.
owledge of social studies.

Sagot :

GinnyAnswer

Final answer:

Adam Smith believed in minimal government intervention in the economy through laissez faire principles.


Explanation:

According to Adam Smith, the government should play a minimal role in the economy, advocating for laissez faire. This means the government should intervene as little as possible in economic affairs and let the market operate freely. Smith believed that limiting government regulation would benefit the people by allowing economic production to flourish without unnecessary constraints. His concept of laissez faire emphasized the importance of economic freedom and minimal government involvement.


Learn more about Adam Smith's views on government intervention in the economy here:

https://brainly.com/question/30166353


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