Question

Mention three objectives of a state according to Adam Smith.

Answer 1

Answer:

The core of Smith's thesis was that humans' natural tendency toward self-interest (or in modern terms, looking out for yourself) results in prosperity. Smith argued that by giving everyone freedom to produce and exchange goods as they pleased (free trade) and opening the markets up to domestic and foreign competition, people's natural self-interest would promote greater prosperity than with stringent government regulations.

Answer 2

Answer:

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Given,

Base of the parallelogram-shaped flooring tile = 18 cm and its height = 6 cm

So,

Area of one tile = Base × Height

= 18 × 6

= 108 cm2

We have the area of floor = 540 m2