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Adam Smith was associated with which economic idea?

Answer and explanation

Correct answer: Free market

Adam Smith, an eighteenth-century Scottish thinker, is widely regarded as one of the founders of modern economics. In The Wealth of Nations, he explained the importance of competition, division of labour, individual economic freedom and the operation of markets. Therefore, the correct answer is free market. Communism, divine right and military alliances are unrelated to his main economic ideas.

Related tags

World HistoryAdam SmithFree MarketEconomic ThoughtGeneral KnowledgeHistory (Gk)Gk HistoryClass 12 Mcq

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