Laissez faire translates as "Let it be," by this Smith meant that gornments had no place interfering in business practices or the economy. He felt that Capitalism would naturally regulate itself with the invisible hand.
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the state should not regulate the economy. :D
im hungery
Adam believed that the state should not interfere in economic matters
He was a strong supporter of laissez faire economics
Smith believed that the standard of living could be attained but only through a minimum of regulation & control by governments.
a drop in government taxes
The government should not interfere in business.
the state should not regulate the economy. :D
im hungery
Adam believed that the state should not interfere in economic matters
He was a strong supporter of laissez faire economics
Smith believed that the standard of living could be attained but only through a minimum of regulation & control by governments.
Smith believed that the standard of living could be attained but only through a minimum of regulation & control by governments.
Adam Smith
Adam Smith
Adam Smith
Adam Smith