What did Adam Smith believe about about self-interest, private property, the role of government, and competition in the economy? Select the THREE that are true.

Question

What did Adam Smith believe about about self-interest, private property, the role of government, and competition in the economy? Select the THREE that are true.

Adam Smith was against the idea of private property in the economy.
Adam Smith favored little to no government involvement in the economy.
Adam Smith supported the idea of private property in the economy.

Adam Smith supported government involvement in the economy.

Adam Smith was in favor of competition in the economy.

Answer 1

What did Adam Smith believe about about self-interest, private property, the role of government, and competition in the economy? Select the THREE that are true.

Adam Smith believed in self-interest, the role of competition in the economy, and supported the idea of private property in the economy.