Answered

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Which of the following elements aligns most closely with Adam Smith's vision of capitalism?

A. Free markets
B. Central planning
C. Collective ownership
D. Price controls

Sagot :

GinnyAnswer

Final answer:

Adam Smith's vision of capitalism emphasizes private ownership of means of production and individual pursuit of profit for societal benefit.


Explanation:

Adam Smith's vision of capitalism aligns most closely with a free market economy where the means of production are privately owned. Individuals are driven by self-interest to seek personal profit, ultimately contributing to the overall benefit of society through the production of goods and services. This concept is exemplified by the idea of the 'invisible hand,' where market forces guide economic decisions.


Learn more about Capitalism here:

https://brainly.com/question/43290757


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