It would be most accurate to describe Adam Smith's economic writing as promoting
A) mercantilism.
B) absolutely no government interference with business.
C) more education for the consumer.
D) as little government intervention in business as possible.
E) an increase in the variety of goods and services available to the public.

Question

Quizplus · Accepted Answer

Adam Smith's economic writing, particularly in his book "The Wealth of Nations," advocated for minimal government intervention in business. He believed that a free market with competition and self-interest would lead to the most efficient allocation of resources and the highest overall well-being for society. However, he did recognize the need for some government intervention in areas such as national defense and public works.

It Would Be Most Accurate to Describe Adam Smith's Economic