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20 September, 06:18

Which type of economic system did Adam Smith believe could provide for society's needs?

A.

mixed

B.

market

C.

command

D.

traditional

+2
Answers (2)
  1. 20 September, 06:48
    0
    B) market

    Economics of the time were dominated by the idea that a country's wealth was best measured by its store of gold and silver. Smith proposed that a nation's wealth should be judged not by this metric but by the total of its production and commerce-today known as the gross domestic product (GDP).
  2. 20 September, 08:45
    0
    Answer: B. Market

    Explanation: he believed in a market form of government were wages were determined by the market instead of the government
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