How did Adam Smith influence employers' treatment of workers?

A. Smith's ideas did not encourage employers to improve treatment of workers.
B. His ideas encouraged employers to seek employees for the lowest possible wage.
C. Smith's ideas encouraged employers to improve treatment of workers.
D. Smith's ideas did not encourage employers to improve treatment of workers, but encouraged employers to seek employees for the lowest possible wages.

Question

14-06-2024
Social Studies

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How did Adam Smith influence employers' treatment of workers?

A. Smith's ideas did not encourage employers to improve treatment of workers.
B. His ideas encouraged employers to seek employees for the lowest possible wage.
C. Smith's ideas encouraged employers to improve treatment of workers.
D. Smith's ideas did not encourage employers to improve treatment of workers, but encouraged employers to seek employees for the lowest possible wages.

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-14T10:52:19-04:00

Final answer:

Adam Smith's ideas on capitalism and the free market system indirectly influenced employers to improve treatment of workers by fostering economic growth and innovation.

Explanation:

Adam Smith, known as 'The Father of Capitalism,' influenced employers' treatment of workers through his ideas on capitalism and the free market system. Smith believed in the concept of self-interest driving economic activity, where employers seeking to maximize their profits would indirectly benefit society by creating wealth through their businesses. While Smith advocated for a laissez-faire approach with minimal government intervention in the economy, his ideas indirectly influenced employers to improve treatment of workers by fostering economic growth and innovation.

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