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20 June, 12:13

Do you agree with smith that the government should not interfere in the market?

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  1. 20 June, 12:41
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    Adam Smith stated that the free market is guided by an invisible hand and less government intervention in some special area that could be efficient. He identified three major duties for government, national defense, administration of justice, and the provision of public goods.
  2. 20 June, 12:42
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    Answer:Yes

    Explanation:

    Smith believed that people promote public interest through economic choices-a free-market force that became known as the "invisible hand." The invisible hand is what comes from the collaboration of consumers and producers in commerce. Government interference in this process results in shortages and surpluses.
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