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What did Adam smith believed would result from the combination on of capitalism and laissez fair policy?
Wiki User
∙ 14y ago
With free economy capitalism people could very well become successful as well as selfish and ungiving. Government involvement would allow for better control over who receives welfare or not.
Jolie Roob
Wiki User
∙ 14y agoan ideal economic system
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What did Adam smith believe would result from the combination of capitalism and a laissez faire policy?
an investment of capital
What did Adam smith believe would result from the combination of capitalism and a laissez-faire policy?
a free market economyCapitalism is a system in which a nation's trade and industry are operated privately for profit by private owners, rather than by the government. Laissez-faire policy is that the government would abstain from interfering in the free market. Adam Smith believed that the combination of the two would result in free trade capitalism.
What did Adam Smith believe would result from the combination of capitalism and a laissez-fairs policy?
a free market economyCapitalism is a system in which a nation's trade and industry are operated privately for profit by private owners, rather than by the government. Laissez-faire policy is that the government would abstain from interfering in the free market. Adam Smith believed that the combination of the two would result in free trade capitalism.
What did Adam smith believe would result from the capitalism and a laissez faire policy?
a free market economyCapitalism is a system in which a nation's trade and industry are operated privately for profit by private owners, rather than by the government. Laissez-faire policy is that the government would abstain from interfering in the free market. Adam Smith believed that the combination of the two would result in free trade capitalism.
What did Adam Smith believe Would result from the capitalism and a laissez-faire policy?
a free market economyCapitalism is a system in which a nation's trade and industry are operated privately for profit by private owners, rather than by the government. Laissez-faire policy is that the government would abstain from interfering in the free market. Adam Smith believed that the combination of the two would result in free trade capitalism.
What is an economic policy in which a government does not become involved in business affairs?
laissez faire capitalism
What did Adam smith believe would result from the combination of capitalism and laissez faire policy?
With free economy capitalism people could very well become successful as well as selfish and ungiving. Government involvement would allow for better control over who receives welfare or not.
What enonmic idea did the us adopt from Adam smith?
Adam Smith was the first to introduce Laissez-faire capitalism. This is a policy that states that government should not run economic affairs.
What policies did Calvin Coolidge favor to support economic growth?
Coolidge believed in trimming the budget, reducing the national debt, and lowering taxes.
Economic policy by which the government minimizes its regulation of industry?
laissez-faire laissez-faire
Which phrase best describes the economic policy of laissez- fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which phrase best describes the economic policy of laissez-fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
