Question

What role did adam smith play in moving europe away from mercantilism? adam smith argued that the value of economic socialism made up for the limits it placed on free enterprise. adam smith proved the value of factories and mass production, which were not part of mercantilism. adam smith warned against the rise of free enterprise capitalism because it was too much like mercantilism. adam smith proved that capitalism, not mercantilism, let to the greatest increase in a nation's wealth.

Answer 1

Adam Smith played a significant role in moving Europe away from mercantilism by promoting the benefits of a free market system.

Step-by-step explanation:

Adam Smith played a significant role in moving Europe away from mercantilism. He rejected the principles of mercantilism and instead argued for the benefits of a free market system. Smith believed that trade liberalization and the division of labor would lead to economic prosperity and greater wealth for nations. His ideas laid the foundation for capitalism and influenced the shift away from mercantilist policies.

Smith's ideas challenged the prevailing mercantilist system, which emphasized government intervention, protectionism, and the accumulation of wealth through favorable trade balances. He argued that the value of factories and mass production, which were not part of mercantilism, demonstrated the potential for increased productivity and economic growth.