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less government regulation of business
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The idea OF Adam smith helped to bring about?
less government regulation of business
What are the main ideas Adam smith?
the main ideas of smith was the political economy that an invisible hand guided all what money or business involved
What were the basic ideas of Adam smith?
Adam Smith had a lot of basic capitalist ideas, like the invisible hand. He also stated that supply and demand would always fluctuate until they reached an equilibrium.
The 1917 Russian Revolution was influenced by the ideas of Adam Smith?
False
What are the ideas of Adam smith?
Adam Smith believed that entrepenaurs should be allowed to practice business without government interference. (laissez-faire, The Wealth of Nations)
Who is he father of modern economis?
One could say that Adam Smith was, who in his work Wealth of Nations helped solidify the idea of division of labour and helped pioneer the ideas that would make the industrial revolution so successful.
Which country follows the ideas of Adam smith?
All the developed countries of the world...
Adam Smith ideas serve as the basis for what type of economic system?
Capitalism
What was Adam Smith's ideas serve as the basis for what type of economic system?
adoptedwrong^itscapitalism
How do Adam Smith's ideas fit in with the ideas of other enlightenment thinkers?
Adam Smith was a Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Adam Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).
How are Adam smith's ideas evident in our economy today?
all of Smith's ideas contributed in the American economy which lead to the increase of the productivity and output, it also increased the competitions in the market.
How did Adam Smiths ideas influence the Enlightenment?
Adam Smith's ideas, particularly those outlined in his book "The Wealth of Nations," influenced the Enlightenment by emphasizing the importance of free markets, individual self-interest, and specialization in driving economic growth. His ideas helped shape the intellectual environment of the time by advocating for limited government intervention in economic affairs and promoting the idea of economic liberalism. Smith's work contributed to the spread of Enlightenment ideals such as reason, progress, and individual liberty.
