QUESTION IMAGE
Question
the three main ideas behind capitalism as defined by adam smith are free markets, laissez - faire, and fair taxes. competition, self interest, and laissez - faire. laissez - faire, regulation, and self interest. competition, free markets, and trade limits.
Brief Explanations
Adam Smith's capitalism emphasizes competition among market - participants, self - interest as a driving force for economic activity, and laissez - faire which means minimal government intervention.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
competition, self interest, and laissez - faire.