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

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

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

Answer

Brief Explanations:

Adam Smith is known as the father of modern economics and was a proponent of free - market capitalism. He believed in the "invisible hand" which guided the self - regulating nature of the market. He did not think the government should overly intervene in creating and maintaining the economy. He saw competition as beneficial for buyers and sellers as it led to better prices and quality. He also believed that capitalism and free - market economy were intertwined. Private ownership of property was a key part of his view as it incentivized economic activity.

Answer:

None of the above options are correct as Adam Smith would likely disagree with all of them. He believed private property was a positive force for economic growth, the market should be self - regulating with minimal government intervention, competition was beneficial, and capitalism and free - market economy were compatible.