Question

Why did Adam Smith insist that a market economy (capitalism) would produce consumer goods more efficiently than a command economy? A. To maximize profits, firms in market economies strive to efficiently supply and distribute what consumers want. B. Firms would be forced to meet the consumers' needs cheaply by a democratic government. C. Command economies guarantee profits to firms. D. Market economies always have extra resources so there is always enough.

Answer 1

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Step-by-step explanation:

Why did Adam Smith insist that a market economy (capitalism) would produce consumer goods more efficiently than a command economy? A. To maximize...

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