What contributed to rapid economic growth in England during the Industrial Revolution?

A

free trade agreements

B

advances in steam power

C

the invention of the automobile

D

decreased population growth rates

Which was a key aspect of Adam Smith's economic philosophy?

A

Sustained economic growth can only be achieved through the redistribution of wealth.

B

The role of the government in an economy is to tightly regulate trade.

C

An economy will regulate itself if individuals are free to pursue their own self interest.

D

The means of production should be shared by all members of a society.

Question

Blanchard

History

8 July, 06:07

What contributed to rapid economic growth in England during the Industrial Revolution?

A

free trade agreements

B

advances in steam power

C

the invention of the automobile

D

decreased population growth rates

Which was a key aspect of Adam Smith's economic philosophy?

A

Sustained economic growth can only be achieved through the redistribution of wealth.

B

The role of the government in an economy is to tightly regulate trade.

C

An economy will regulate itself if individuals are free to pursue their own self interest.

D

The means of production should be shared by all members of a society.

+3

Answers (2)

Know the Answer?

Damarion Armstrong · Answer 1

B

Explanation:

The central of thesis of Smith's "The wealth of Nations" is that our individual need to fulfill self-interest results in societal benefit in what is known as his "Invisible hand".