Classical economics is most closely associated with a:
A) mercantilist philosophy.
B) free market philosophy.
C) mixed capitalism philosophy.
D) command economy philosophy.

Question

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Classical economics, developed in the 18th and 19th centuries, emphasizes free markets, minimal government intervention, and the importance of supply and demand as the primary forces driving the economy. This philosophy is most closely associated with economists like Adam Smith, who advocated for the "invisible hand" of the market to allocate resources efficiently.

Classical Economics Is Most Closely Associated with A