Question

Explain Adam Smith’s ideas about what the government’s role should be.

Answer 1

sample response:

Explanation:Adam Smith can be seen as a founder of modern capitalism. He believed that the role of government is to create a strong mechanisms that would enable any type of corruption, monopoly or similar thing

Answer 2

Adam Smith can be seen as a founder of modern capitalism. He believed that the role of government is to create a strong mechanisms that would enable any type of corruption, monopoly or similar things.

Step-by-step explanation:

Smith believed that the wealth was not divided as it should be, so he had nothing against intervention of the government, regarding the distribution of the wealth. He had nothing against taxes, but still he truly believed that taxation system should not be progressive. According to him, the state is not the one that is fixing the market, because market will fix itself.