Which statement best summarizes the economic theories of Adam Smith?
A. Economies that are based on free trade will always be unstable. B. Economic problems mostly result from the struggle between classes. C. Economic growth should be carefully guided by governments. D. Economies work best when governments leave businesses alone.
Adam Smith believed in economies working best when governments were hands-off and free trade was promoted.
Explanation:
Adam Smith's economic theories emphasize that economies work best when governments leave businesses alone. Smith believed in the concept of free trade and the benefits it brings to individuals and countries. His ideas formed the foundation for industrial capitalism and were outlined in his book The Wealth of Nations.
Learn more about Adam Smith's economic theories here:
