which statement would adam smith most likely agree with? private ownership of property creates a society…

which statement would adam smith most likely agree with? private ownership of property creates a society based on unequal access to wealth. the government has a responsibility to create and maintain a successful economy. competition harms buyers and sellers in a market economy. capitalism and a free - market economy are not compatible.

which statement would adam smith most likely agree with? private ownership of property creates a society based on unequal access to wealth. the government has a responsibility to create and maintain a successful economy. competition harms buyers and sellers in a market economy. capitalism and a free - market economy are not compatible.

Answer

Brief Explanations:

Adam Smith is known as the father of modern economics and advocated for free - market capitalism. He believed in the "invisible hand" where self - interested behavior in a free market leads to economic well - being. He did not think the government should overly intervene in creating and maintaining the economy, and saw competition as beneficial for the market. He also supported private property and the compatibility of capitalism and free - market economy.

Answer:

None of the above options are correct as Adam Smith would likely disagree with all of them. He supported private property as a driver of economic growth, believed in limited government intervention rather than government responsibility for creating and maintaining the economy, saw competition as beneficial for buyers and sellers, and considered capitalism and free - market economy to be highly compatible.