Answered

How did Adam Smith feel about institutional economic interference under
mercantilism? (1 point)
Smith felt that institutional economic interference under mercantilism prevented wealth
from growing. Instead, people in power, not economic markets, should interfere with
these systems.
Smith felt that institutional economic interference under mercantilism prevented wealth
from growing. Instead, these systems should be left alone to shift under the influence of
industrializing nations.
Smith felt that institutional economic interference under mercantilism prevented wealth
● from growing. Instead, these systems should be left alone to shift under the influence of
economic markets.
Smith felt that institutional economic interference under mercantilism helped wealth
grow. These systems should be left alone to shift under the influence of economic
markets until interference was needed.



Answer :

GinnyAnswer

Final answer:

Adam Smith opposed institutional economic interference under mercantilism, advocating for a free-market approach.


Explanation:

Adam Smith, a prominent figure in the field of economics, strongly opposed institutional economic interference under mercantilism. He believed that such interference hindered wealth growth and advocated for a hands-off approach, letting economic markets operate freely. Smith's ideas laid the foundation for liberalism and the concept of laissez-faire economics, emphasizing the importance of non-interference by governments in the market.


Learn more about Adam Smith's views on economic interference under mercantilism here:

https://brainly.com/question/37384140


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