Question

_______is considered the father of free market capitalism. He believed that business was and should be guided by the morals of good men.

a. John Maynard Keynes
b. Henry Kissinger
c. George Washington
d. Adam Smith
e. Lawrence Kohlberg

Answer 1

Adam Smith is considered the father of free market capitalism, introducing important capitalist ideas and promoting the concept of laissez-faire.

Step-by-step explanation:

Adam Smith is considered the father of free market capitalism. He introduced capitalist ideas such as the importance of the division of labor and worker productivity in his book The Wealth of Nations. Smith believed in the concept of laissez-faire, where the government should play a minimal role in the economy, and instead, the invisible hand should guide the flow of goods in the market.