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Which type of economy system is most closely associated with Adam Smith?
Capitalism
Adam Smith ideas serve as the basis for what type of economic system?
Capitalism
What type of economic system did Adam smith promote?
Marx was opposed to capitalism, and wanted it replaced by a classless Socialist society.
What criticism did Adam Smith make against mercantilism?
Type your answer here... What criticism did Adam Smith make against mercantilism?
What type of economic system did Adam smith provide?
Adam Smith was well into his beliefs that a free economy was the best economic system.
Adam smith provided a philosophy for this type of economic system?
free market
What was Adam Smith's ideas serve as the basis for what type of economic system?
adoptedwrong^itscapitalism
Who promoted the idea by that pursuing your own self-interest in a free market you would actually be working for the common good?
There have been more than a few who have promoted this idea. One who immediately comes to mind is Ayn Rand in her novel, Atlas Shrugged.Another Person is Adam Smith. The ideas of the Scottish economist Adam Smith became important during the Age of Revolutions. Smith's ideas are the basis of modern capitalism, a type of economic system in which private individuals and businesses own and operate the means of production in society. In Smith's most influential work, The Wealth of Nations, he promoted the idea that by pursuing your own self-interest in a free market, you would actually be working for the common good.
What type of economic system do individuals own most of the businesses?
Capitalism
What type of manufacturing business did Adam smith use to illustrate the effects of the division of labor?
The Pin Making Business
What type of economy does Guyana have?
CApitalism
What is a type of ownership?
Capitalism and communism
