Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Read the quotation by Ralph Waldo Emerson:

"Wealth brings with it its own checks and balances. The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate... make equal laws: secure life and property, and you need not give charity. Open the doors of opportunity to talent and virtue, and they will do themselves justice, and property will not be in bad hands. In a free and just commonwealth, property rushes from the idle [lazy] and brainless to the industrious, brave, and persevering."

According to both Emerson and Adam Smith, what guarantees success in a free market system?

A. individual freedom
B. public ownership
C. government regulation
D. trade barriers

Sagot :

GinnyAnswer

Final answer:

Individual freedom ensures success in a free market system through property rights and production.


Explanation:

Individual freedom guarantees success in a free market system according to both Ralph Waldo Emerson and Adam Smith. In a capitalistic society, the right to own property and the freedom to control its use play significant roles in production and wealth creation. The concept of private property and its protection by limited government is essential in promoting wealth accumulation and capital development.


Learn more about Free Market Economics here:

https://brainly.com/question/4041151


We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.