asked 192k views
5 votes
According to adam smith, what are the two factors that regulate a marketplace?

1 Answer

2 votes
The two factors that regulate a marketplace are the following:
1. Competition. This is the real struggle among producers where they need to compete and be on top.
2. Self interest. People must promote public interest rather than personal. We support our own products and not the imported products.
answered
User Christian Rigdon
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