Adam Smith author do ‘The wealth of nations’, did not believe in business competition. True or false? Why ? What page did you find information about this in the textbook?

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asked Dec 12, 2020 184k views

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Laurent Bristiel · Answer 1 · 2020-12-17T12:08:39+0000

He believed that business competition was the ONLY way that business should operate. He believed that the open market were competition could thrive and determine the best price of all goods and services is the only way that business should operate.

False.

Adam Smith author do ‘The wealth of nations’, did not believe in business competition. True or false? Why ? What page did you find information about this in the textbook?

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