Answered

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



Answer :

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.


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