Adam Smith's economic theory of "laissez-faire" called for governments
A)to regulate their economies strictly.
B)to leave individuals alone to choose what is in their best economic interests.
C)to regulate trade with colonies,yet allow freedom for trade with other European countries.
D)to regulate strictly only the most profitable trade.
E)to regulate trade strictly only when threatened by another European country.

Question

Quizplus · Accepted Answer

Adam Smith's economic theory of "laissez-faire" called for governments to leave individuals alone to choose what is in their best economic interests. This means that individuals should be free to pursue their own economic interests without government intervention or regulation. Smith believed that by doing so, the economy would grow and prosper.

Adam Smith's Economic Theory of "Laissez-Faire" Called for Governments