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Which economist most supported the idea that economies work best when governments avoid interfering with private businesses?A.John Maynard KeynesB.Adam SmithC.Thomas Robert MalthusD.Karl Marx

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Which economist most supported the idea that economies work best when governments avoid interfering with private businesses?A.John Maynard KeynesB.Adam SmithC.Thomas Robert MalthusD.Karl Marx

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Solution

B. Adam Smith is the economist who most supported the idea that economies work best when governments avoid interfering with private businesses. He is often known as the father of modern economics and is most famous for his theories about free trade, market competition and the 'invisible hand'. Smith believed that if individuals were allowed to trade freely, self-interested competition would lead to economic prosperity.

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