sergiozarco17 sergiozarco17

13-06-2024
Social Studies

Answered

The theory proposed by Adam Smith would most likely support which type of economy?

A. Command
B. Free Enterprise
C. Traditional
D. Mixed

Answer :

GinnyAnswer GinnyAnswer

13-06-2024

Final answer:

Adam Smith's theory aligns with a Free Enterprise economy based on individual economic freedom and private ownership of production.

Explanation:

Adam Smith's theory would most likely support a Free Enterprise economy. Free Enterprise, also known as Capitalism, is centered on private ownership of the means of production and individual economic freedom. This aligns with Adam Smith's ideas of the Invisible Hand guiding markets towards efficiency.

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