The correct options are: Consolidation - Monopolies - Stifling competition - Modern machinery -Specialists
Due to the fall of mercantilist economic theory at the end of the 18th century and the rise of classical liberalism, the economic theory of laissez-faire - due to a revolution in the economy led by Adam Smith and other economists - corporations changed from being entities governmental entities, to be public and private economic entities free of government direction. Adam Smith wrote in his 1776 work, The Wealth of Nations, that massive corporate activity could not match private corporations, since the people in charge of the money of others, would not do so as carefully as they would your own money