Question

Which political theorist believed believed in economic natural laws like: self-interest where people

work for their own good, competition forces people to make a better product, and supply and
demand?
Karl Marx
Adam Smith
John Locke
Thomas Hobbes

Answer 1

John Locke based his theories related to economics on a version of natural law, arguing that people have a natural right to claim unowned resources and land as private property, thereby transforming them into economic goods by mixing them with their labor.