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