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Adam Smith's ideas serve as the basis for what type of economic system? Socialism Communism a command economy Capitalism

Adam Smith's ideas serve as the basis for what type of economic system? Socialism Communism a command economy Capitalism
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Adam Smith's ideas serve as the basis for what type of economic system?

Socialism
Communism
a command economy
Capitalism

asked
User Farzad Vertigo
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8.7k points

2 Answers

1 vote

Capitalism is the answer to this question



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User Malevolence
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Adam Smith's ideas serve as the basis for the economic system of "capitalism," since Smith was the first person to advocate for the "free hand of the market".
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User RuntimeError
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