Which of the following is an important premise of Adam Smith's conclusions about economic prosperity?
A) Individual freedom is necessary if a society is to prosper.
B) Understanding the concept of survival of the fittest will lead to prosperity.
C) Determining what motivates people will lead to prosperity.
D) Command economies and structured markets must be in place before we can work toward prosperity.

Question

Quizplus · Accepted Answer

Adam Smith believed that freedom was vital to the survival of any economy, especially the freedom to own land or property and to keep the profits from working the land or running a business.

Which of the Following Is an Important Premise of Adam