strength of adam smith economic theory
Answers
Answered by
14
Adam Smith's theory is based on the principle of 'Laissez-Faire' which requires that state should not impose any restriction on freedom of an individual. The theory of economic development rests on the pillars of saving, division of labour and wide extent of market.
_____________________________
Answered by
1
Answer:
Adam Smith's theory is based on the principle of 'Laissez-Faire' which requires that state should not impose any restriction on freedom of an individual. The theory of economic development rests on the pillars of saving, division of labour and wide extent of market.
Similar questions
Math,
1 month ago
English,
1 month ago
Physics,
3 months ago
Chemistry,
9 months ago
Accountancy,
9 months ago