Which doctrine devised by Adam Smith argued that government should not interfere with economic matters?

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Social Studies

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10 January, 14:32

Which doctrine devised by Adam Smith argued that government should not interfere with economic matters?

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Kelly Park · Answer 1

Answer: laissez-faire and the invisible hand

Explanation: this explained that government should not intervene in economic matter but rather allow the forces of demand and supply to operate.

The forces of demand and supply determine the level of price in a free market system where there is absence of government intervention.