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Do you think Adam Smith supported industrialization why or why not?
Adam Smith supported industrialization because he believed in a free economy, to guarantee economic progress.
How did Adam Smith and other philosophers of industrialization view natural laws?
Adam Smith and other philosophers of industrialization viewed natural laws as the foundation for free trade and economy ("laissez faire economics").
Why did Adam smith support the industrialization?
Adam Smith supported industrialization because he believed it enhanced productivity and economic growth through the division of labor, which increased efficiency and innovation. He argued that a free market, driven by competition and self-interest, would lead to the best allocation of resources and improve overall living standards. Smith viewed industrialization as a means to create wealth and improve societal welfare, ultimately benefiting society as a whole.
Was Adam smith abducted by gypsies?
There is no historical evidence to support the claim that Adam Smith was abducted by gypsies. Smith was a Scottish economist and philosopher known for his pioneering work in the field of economics.
Who is referred to as the father of economics?
John Maynard Keynes
What has the author Lilian Adam Smith written?
Lilian Adam Smith has written: 'George Adam Smith'
Adam Smith what is he most known for?
Adam smith...........
Where was Adam Smith born?
Adam Smith was born in Kirkcaldy, Scotland.
How tall is Adam C Smith?
Adam C Smith is 5' 9".
How old was Adam Smith when he died?
Adam Smith was 62 when he died
What did Adam Smith support?
Adam Smith supported free markets and the idea of laissez-faire economics. He believed that individuals pursuing their own self-interest would lead to the overall prosperity of society. Smith argued against government intervention and advocated for limited regulation and taxation.
The free-market system of capitalism was defended in the book The Wealth of Nations by whom?
Adam Smith wrote the book called the wealth of nations
