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Adam
Smith believed nations become wealthy when
citizens are free to use their money to do what
they
want to do.
He promoted
"Laissez-faire"
government.
Adam
Smith advocated...
-1)
Freedom to
own property.
-2)
Production
is governed by the law of supply and
___demand,
not central government control.
-3)
Freedom of
owners to make a profit.
-4)
Freedom to
compete for customers.
-5)
Freedom to
buy whatever one wants.
-6)
Freedom to
work where ever they want.
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