Answer: Adam Smith's stated that the role of government in the free trade of goods and services should be limited to ensuring the rule of law, enforcing contracts, and protecting property rights
Explanation: Smith emphasised that tariffs, quotas, and other barriers in the way of trade imposed by governments create inefficiencies and distortions in the market, ultimately harming both consumers and producers. He strongly argued, that free trade would lead to greater specialization and efficiency, resulting in increased economic growth and higher standards of living.
On the other hand, Smith also recognized that some government intervention might be necessary to ensure equality among all market participants.