Question

question 15 of 24
which of the following elements is most closely associated with adam smiths theory of capitalism?
a. the establishment of strong economic regulations
b. limits on the governments role in the economy
c. the creation of government - funded industries
d. the protection of workers union rights

Explanation:

Friedrich von Hayek's theory of capitalism emphasizes limited government - intervention in the economy. He believed in free - market capitalism and that government should have a minimal role in economic affairs.

Answer:

B. Limits on the government's role in the economy