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According to adam smith and other classical economist,

wy is the economic theory supporting market economics (for capitalism) much mor realistic than theories supporting command economies

1 Answer

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Because It is based on self-interest.
Classical economists believe that when driven by self-interest, humans are capable in dedicating their life to pursue things that never been achieved before.
This led to the creation of many technological inventions and business ventures that drive the society forward
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User Andrew Ellis
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