In Adam Smith's view, which of the following is not the role of government in business?
A) providing defense against foreign enemies
B) regulating business activity
C) ensuring internal order
D) furnishing public works
E) providing education

Question

Quizplus · Accepted Answer

Adam Smith believed in the concept of laissez-faire, which calls for minimal government intervention in the economy. Therefore, regulating business activity would not be considered a role of government in his view. The other options, such as providing defense, ensuring internal order, furnishing public works, and providing education, are all functions that could fall under the government's responsibilities according to Smith.

In Adam Smith's View, Which of the Following Is Not