Adam Smith believed that incentives to seek personal gain would create wealth, but that the government must then step in to make sure that this wealth is equitably distributed. A. TrueB. False

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Brianna

Business

21 December, 08:57

Adam Smith believed that incentives to seek personal gain would create wealth, but that the government must then step in to make sure that this wealth is equitably distributed. A. TrueB. False

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Alfredo Maynard · Answer 1

False

Explanation:

Although the first part is correct, since Smith did believe that incentives to seek personal gain would create wealth, he was against government intervention with wealth redistribution policies, as he believed that the invisible hand would be capable of regulating the market providing benefits for all.