Adam Smith believe that the governments role and laissez fair capitalism was

Answers

Answer 1

Adam Smith believed that the government role and  Laissez Faire(allow to do) Capitalism was:

a policy of minimum governmental interference in the economic affairs of individuals and society.
Answer 2

Final answer:

Adam Smith, the Father of Capitalism, advocated for minimal government intervention in the economy, believing in a laissez-faire approach where the 'invisible hand' of the market guides economic prosperity. His ideas emphasize the efficiency of a free market and have significantly influenced modern economic policies.

Explanation:

Adam Smith, often referred to as the Father of Capitalism, saw the government's role in a laissez-faire economy as minimal. He championed the idea that the market should operate free of government intervention for efficiency and effectiveness. According to Smith, the central mechanism of this economic system was the "invisible hand," an unseen force driving the free market by balancing the supply and demand of goods and services through individual self-interest. This concept suggests that individuals, seeking their own gain, inadvertently contribute to the economic well-being of society. Therefore, Smith advocated for a reduction in government control, including tariffs and regulation, to allow the invisible hand to guide economic prosperity.

Smith's views on laissez-faire economics were critical in shaping the understanding of capitalist economies. He believed that government intervention should be limited to ensuring justice and protecting property rights, allowing economic activities to be guided by the market. This hands-off approach was thought to encourage innovation, investment, and growth, leading to a more prosperous society for all. Smith's ideas have profoundly influenced modern economic policies, promoting a free-market ideology that emphasizes minimal governmental involvement.


Related Questions

What was the primary body of water used for travel and trade in the Hellenistic era

Answers

Final answer:

In the Hellenistic era, the Mediterranean Sea was crucial for trade and travel, connecting civilizations and easing the movement of goods and cultural ideas. Oar-propelled boats dominated sea transportation, and key trading hubs emerged along coasts and islands.

Explanation:

The primary body of water utilized for travel and trade in the Hellenistic era was the Mediterranean Sea, particularly its eastern portion. This sea was pivotal due to its accessible navigation, minimal influence by tides or ocean currents, and its position among various developed civilizations. With the convenience and safety it offered, the Mediterranean Sea became the main highway for trade and cultural exchange, connecting regions and facilitating the spread of Hellenistic culture. The use of boats propelled by oars was commonplace in this period as advanced naval technology had not been fully developed.

The importance of waterways in ancient trade cannot be overstated, as they provided a means to transport heavy goods with less expenditure of force. During this era, cities like Miletus thrived as rich Oriental ports, dealing in commodities like wine and oil, and areas like the Gulf of Corinth and the Aegean Sea developed into critical hubs of maritime commerce. The region's geography encouraged coastal and island colonization, leading to the growth of commercial centers.

in early colonial days, some enslaved_____were able to earn there freedom after working for a certian number of years.

A)Women
B)Africans
C)Criminals
D)Native Americans

Answers

The correct answer is: B) Africans

Until the late 17th century, African Slaves had some rights, freedom was considered to be a legitimate goal for enslaved blacks - some of them were free and even owned slaves themselves -. They were able to earn money to purchase their freedom. They could live as members of the community, own land, pay taxes and live separately from other enslaved blacks.  Later, slavery became defined by racial terms and laws started to restrict free black’s ability to hold positions of power.

I have a APWH final tomorrow any recommendations to help me study??

Answers

Just do your usual studying and pace yourself.

Personally, you should study the night before any big test. Also make flashcards to review right before if allowed. According to some psychologists, it helps to practice speaking each key subject out loud.

Hope this could help you! :)

Where is Harlem? What distinction did it earn in the 1920

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Harlem is a large neighborhood in the New York City borough of Manhattan. It is also known under the name of Black Mecca. It is a major African American residential, cultural and businesses centre.

It was originally settled by the Dutch in 1658 and remained undeveloped territory for almost 200 years. It is named after the city of Haarlem in the Netherlands.

As New York's population grew, Harlem developed. Big urban progress was noted around 1880 when elevated railway lines were extended in that direction and many apartments buildings erected. Due to some unrealistic expectation many housing estates remained vacant and a major part of New York's black population were relocated there.

During 1920's, Harlem flourished with artistic and cultural expression and this period earned Harlem the distinction of  ' Harlem Renaissance'. Many artists wanted to show the black culture and its achievements  to the world. They were proud of their African heritage. This outpouring of artistic work was unprecedented in the American -black community.

During whose reign was the calendar reformed to 365 days per year?

Answers

I'm pretty sure it was the Julian calendar so Julius Caesar

The answer to this question is Julius Caesar

what does this woman being threatened by the snake represent

Answers

I believe you are referring to the famous political cartoon created by American cartoonist Joseph Keppler for Puck magazine in 1881 and titled In danger. Puck. "What are you going to do about it?" In it, a large snake, which represents monopolies involving U.S. senators (the word monopoly and the names of various senators are written throughout its skin), has its tail wrapped around the dome of the U.S. Capitol, as if suggesting that it controls the U.S. government, and, menacingly, faces a female figure that personifies (or represents) Lady Liberty, while, to the left of this female figure, Puck (a personification of Puck magazine) asks Uncle Sam "What are you going to do about it?"

The personification of Liberty is a representation of all Americans, who are threatened by the tyranny of the monopolies - if the government does not prevent it.  In the years where this cartoon was created, the telegraph and the gas industries, among others, were controlled by monopolies that charged ridiculously high amount for their services.  

Which European country originally settled in the colony that would later become known as New York

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The correct answer is the United Provinces of the Netherlands (Holland). They founded the first Settlement of what would become the city of New York in 1625. In 1664 the colony was captured by the British Empire. The city was incorporated officially into the British possessions in North America in 1665.

would president polk support or oppose the manifest democracy? why?

Answers

He was a champion of manifest destiny !

"I would say support"

What was the first triumvirate made up of

Answers

Final answer:

The First Triumvirate was made up of Julius Caesar, Pompey the Great, and Marcus Licinius Crassus and was formed to advance their collective interests against the Senate's opposition, ultimately controlling the Roman Republic but dissolving due to internal conflicts.

Explanation:

The First Triumvirate was a political alliance formed in 60 BCE, made up of three key figures: Julius Caesar, Gnaeus Pompeius Magnus (known as Pompey the Great), and Marcus Licinius Crassus. This coalition was established in response to the opposition they faced from the optimates within the Senate. The alliance allowed them to utilize their collective wealth and influence to effectively control the Roman Republic. Each member had his own ambitions and goals, which led to temporary success but eventually to their mutual distrust and the alliance's downfall. After the death of Crassus and the growing popularity of Caesar due to his military campaigns, Pompey allied with the Senate against Caesar, leading to a civil war. Caesar's victory in the war signaled the end of the First Triumvirate.

At the Constitutional Convention, what did the smaller states have to fear about the Virginia Plan? What did the delegate from New Jersey propose instead? a. They feared a strong federal government. He proposed three branches of government that would have a single representative from each state. b. They feared that the larger states could easily outvote them in Congress. He proposed a one-house legislation in which each state would have one vote. c. They feared that the larger states would secede from the Union. He proposed a bill banning secession from the Union for three years. d. They feared that trade competition from the larger states would drive up the cost of goods. He proposed a law establishing a national sales tax limit.

Answers

I believe the answer is b. They feared that the larger states could easily outvote them in Congress. taking the test right now.

Pls help :(

Which best describes Imhotep's contribution to Egyptian society?


a. He suggested that Egyptians mummify their pharaohs to better preserve their bodies.


b. He introduced the step pyramid style in an effort to build a pyramid that reached

Amon-Re.


c. He orchestrated the building of the Great Pyramid at Giza, one of the most famous pyramids.


d. He welcomed workers from all stations in life to work on the pyramids and increased tolerance

Answers

I agree the answer would be c

when did ww2 end and how

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World war 2 ended with unconditional surrender of the Axis powers on May 8 1945 Allie's accepted Germanys surrender. about a week after Adolf Hitler had committed suicide.

World War II ended on September 2, 1945. The war concluded with the official surrender of Japan, which came about after the United States dropped atomic bombs on the Japanese cities of Hiroshima on August 6, 1945, and Nagasaki on August 9, 1945.

These devastating bombings led to Japan's decision to surrender, and on September 2, Japanese representatives signed the Japanese Instrument of Surrender aboard the USS Missouri, officially marking the end of World War II.

In Europe, it ended on May 8, 1945, when Germany surrendered unconditionally to the Allies. This is known as VE Day (Victory in Europe Day).

The war in Europe ended after the Allied forces invaded Normandy on June 6, 1944, and began to push the Germans back. The Soviet Union also advanced on the Eastern Front, and by April 1945, the Germans were in full retreat. On April 30, 1945, Adolf Hitler ended his life, and on May 7, 1945, Germany surrendered unconditionally to the Allies.

The end of World War II was a major turning point in world history. It marked the defeat of the Axis powers and the end of fascism in Europe. It also led to the creation of the United Nations, which was designed to prevent future wars.

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In strain theory, which type describes this situation individuals may still want to achieve material success, but they use unacceptable methods, like crime, to reach that goal

Answers

Innovation, in which people use socially disapproved methods to achieve socially valued goals such as material success. Strain Theory states that society pressures people to achieve their goals even if they don't have the means, innovation is presented by this theory as one of five ways of adaptation when faced with strain.

Answer:

innovation

Explanation:

correct on plato/edmentum

Seeing yourself in terms of what you consume is known as what

Answers

Final answer:

Consumer identity or consumption-based self refers to seeing oneself through the lens of consumption habits. It's a concept related to self-perception, where products and services reflect personal identity. This can lead to both a sense of identity and potential dissatisfaction with one's image and consumption choices.

Explanation:

Seeing yourself in terms of what you consume is often referred to as consumer identity or the consumption-based self. This concept is a part of self-perception theory, which explains how individuals form their identity based on their consumption habits. In a consumerist society, the products and services we use often serve as a reflection of our personal tastes, social status, and identity. It's not uncommon for people to use material possessions as a way to express who they are or want to be seen as. However, this focus on consumption can sometimes lead to a discontent with one's self-image and spending habits, particularly in societies with high levels of material wealth.

While personalized consumption might involve knowing the producer of goods and having a more intimate relationship with one's consumption, depersonalized consumption relates to using goods produced by an impersonal global system. A deeper understanding of health and well-being also ties into consumption, as society recognizes that what we consume becomes a part of who we are, and the energy from food fuels our growth and sustains us.

The concept of reflexivity is also relevant here, as it brings awareness to how one's position and perspective impact their consumption choices and the evaluation of those choices. Through reflexivity, individuals become aware of how their consumer choices shape their identity in the context of a broader societal and economic system.

For southern landowners, which of the following was an advantage of tenant farming?

A.
If land was leased to freedmen, landowners did not have to lay out cash for supplies.

B.
Landowners were generally more interested in investing their saving in factories than farming.

C.
Sharecroppers could plant and harvest any crop they wanted.

D.
The hiring of former overseers to run the farms was economical throughout the century.

Answers

Your answer would be

A.  

If land was leased to freedmen, landowners did not have to lay out cash for supplies.

An advantage of tenant farming for southern landowners was that they did not have to provide cash for supplies when leasing land to freedmen, as costs were covered by the tenant farmers through a portion of their crops. The correct option is: A. If land was leased to freedmen, landowners did not have to lay out cash for supplies.

For southern landowners, an advantage of tenant farming was that if land was leased to freedmen, landowners did not have to lay out cash for supplies. This is because sharecroppers and tenant farmers paid their rent in the form of a portion of the crops they raised on the land they leased. Tenant farming and sharecropping allowed landowners to continue agricultural production without the heavy upfront costs associated with cash wages and with diminished financial risks.

Moreover, this system ensured a degree of control over the labor force and facilitated a continuation of agricultural output post-Civil War. The tenant farmers, often including freedmen and poor whites, contributed to the agricultural economy without the landowners investing in more costly labor practices.

Option A reflects the correct answer regarding the advantage for southern landowners in the context of tenant farming -- no need for an outlay of cash for farming supplies since that responsibility shifted to the tenants or sharecroppers themselves.

which of these events was a cause of the Persian war

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saddam hussins army invades kuwait for its oil i think (i got this awser from my homeschool program time4learning its reliable)


The election is decided by the ?

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if no canidate receives a majority, the House of Representatives elects the president

Why did European countries establish colonies in Africa during the 19 century?

Answers

They were looking for gold, ivory, and slaves

Which statement about opinion polls is most accurate

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Opinion polls are made picking a portion of a population and asking them some questions about a given subject. These answers are, then, used to make an idea of what that population thinks about that subject.

The problem is the impossibility of asking the entire population what they think about the subject.

For example, 80% of the persons the poll interviewed agreed that studying is good as early as five years old. The opinion poll, then, will say 80% of the people from that location agreed to that studying starting from five years old is good. The persons asked totalize 5000, while the total population of that place is, for example, 100.000.

So, the statement that defines opinion pools is: opinion pools can give an idea of what a population thinks, but it might be misleading and can never be accurate enough.

Opinion polls can influence how citizens vote.

-apex

Before it was transferred to Napoleon in 1802, the Lousisiana Territory belonged to

Answers

The answer is:

The Louisiana Territory belonged to Spain before it was transferred to Napoleon in 1802.


Hope it helps!

Explain each side view of protective tariffs

Answers

For a country, protective tariffs are beneficial because it facilitates local industries and domestic enterprises to grow against foreign markets and so more currency remains in the domestic circulation. On the other side, protective tariffs harm the free market by increasing the cost of international goods through lack of competition.


Which groups would most likely be discussed in an article on the destructive campaigns for muslim invaders in India? Select all that apply
Buddhists
Confusions
Hindus
Sikhs
Shinto

Answers

Final answer:

In an article about Muslim invasions in India, the most likely groups to be discussed would be Hindus and Buddhists. Confucianism and Shinto are less likely to be discussed as they are primarily East Asian philosophies and were not widely practiced in India. Similarly, Sikhism was established later and would not be part of the early invasion discussion.

Explanation:

In a historical discussion about the destructive campaigns of Muslim invaders in India, the groups primarily affected would have been those prevalent in India during the invasions. These were primarily the Hindus and the Buddhists.

By the time of the Muslim conquests in India, from the 12th century onwards, Confucian and Shinto, being mainly East Asian philosophies, would be less likely to be part of the discussion, as they were not widely practiced in India. Similarly, Sikhism was established later, in the 15th century.

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which confederate victory successfully prevented the union army from invading georgia in 1863

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Georgia was spared significant military action until 1863. The Confederate Army was able to defeat Union forces at the Battle of Chickamauga in 1863. The following year, the Union army invaded Georgia and ultimately captured Atlanta in late 1864.

On September 19-20, 1863- thr Confederatr Army of Tennessee, comanded by General Braxton Bragg suceeded over the Union Army of the Cumberland under General William Rosecrans. Rosecrans' army retreats to the supply base at Chattanooga, Tennessee. It was known as the Battle of Chickamauga, Georgia.

In the 1850 Dred Scott case, Missouri jury ruled

Answers

That the Scotts should remained enslaved.

That only Scott, not his wife, should be free, not his wife, should be free.

Select all that apply. In what way(s) did the Hongwu Emperor work to improve the lives of Chinese peasants? by lowering land taxes by letting peasants take the civil service exam by dividing large land estates among the poor by creating soup kitchens

Answers

A. by lowering land taxes

B. by letting peasants take the civil service exam by dividing large land estates among the poor

C. by creating soup kitchens

The Hongwu Emperor (September 21, 1328 – June 24, 1398) whose real name was Zhu Yuanzhang (Chu Yüan-chang) was the founder and first emperor of the Míng Dynasty that ruled China for nearly three hundred years.

He worked for the welfare of people when china was lying under great economic and agricultural depression. He helped the peasants by the increased food supply resulting from Hongwu's agricultural reforms and New World foods, such as corn and sweet potatoes .The Hongwu Emperor lowered land taxes and divided the large land estates among the poor masses which created equal distribution of agricultural land among the people.

Answer:

3rd option

Explanation:

What changes occurred in the Middle East since the 1990s

Answers

Wye River Memorandum is negotiated between Israel and the Palestinian Authority to implement the 1995 interim agreement. The memorandum examines redeployment of Israeli troops from areas occupied since 1967 and Palestinian guarantees on security.


A Hamas suicide bomber attacks an Israeli nightclub. Twenty-one Israelis killed, mainly teenagers, more than 100 injured.


Hope this Helped!! Have a good day c;

which events led to the decline of the Inca empire

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(1)The civil war weakened the military of the Inca Empire.When Pizarro went to defeat them,they did not have enough army personnel or strength to fight back.Pizarro also took their Inca leader captive and killed him after receiving the ransom he had asked.

(2) The two sons of Huayna Kapac plunged the empire into a brutal civil war.Atahualpa and Huascar called on the mummified bodies of past Sapa Incas to assist them.The Incas believed,their rulers were living descendents of Inti,the Sun god.The civil seemed to end in 1532 when Atahualpa's army captured Huascar.

(3) With the arrival from Spain in 1532 of Francisco Pizarro seeking riches and his entourage of mercenaries,the Inca Empire was seriously threatened for the first time. Cheated into meeting with the conquistadors in a peaceful gathering,the Inca Emperor,Atahualpa was kidnapped and held for ransom.

(4) The Inca had already some contact with Europeans and many had died of European diseases.

(5)

Describe two roles of government intervention that Adam Smith conceded were necessary in their approach to the economy.

Answers

Adam Smith is considered the founder of modern economics. He stated that the economic is guided by an invisible hand and that governments should interfere less in some areas of the economic to make it more efficient. He specified that government intervention could be best used in these areas.

1) The creation of social security regulations and also provide national defense to protect the society and all citizens from all the violence and invasions or attack forces from other societies. These of course,  is what every society  from every country would like to have.

2)  The government should establish an exact administration of justice in the context of order and law. These refers to have a court system to apply the right justice for all citizens of a society in an equal manner.  

These roles are based on the understanding that markets, while efficient in many respects, are not perfect and can fail to deliver optimal outcomes for society in certain instances. Government intervention in these areas is seen as a way to correct market failures and to provide the necessary conditions for markets to operate effectively.

Adam Smith, often referred to as the father of modern economics, outlined the concept of the invisible hand and the benefits of free markets in his seminal work The Wealth of Nations. However, he also acknowledged that there were certain roles that only the government could fulfill effectively in an economy. Two such roles are:

1. Provision of Public Goods: Adam Smith recognized that there were certain goods and services that would not be provided at all, or would be underprovided, by the private sector due to their nature as public goods.

2. Regulation of Monopolies and Fraudulent Practices: Smith was wary of monopolies and the potential for businesses to engage in practices that would harm consumers. He believed that in the absence of competition, businesses would have the incentive and ability to raise prices and reduce quality.

first president to visit Communist China Leonid Brezhnev 2. Egyptian leader Menachem Begin 3. Israeli leader Ayatollah Khomeini 4. deposed Shah of Iran Richard Nixon 5. Soviet leader visited by Nixon in 1972 Archibald Cox 6. Nixon's Vice President Spiro Agnew 7. leader of the Islamic Republic of Iran Mohammed Reza Pahlavi 8. fired by President Nixon Anwar el-Sadat

Answers

Here are your correct matches, with a few bits of added info:

1.  First president to visit Communist China = Richard Nixon

This was a lasting foreign policy initiative, starting friendly relations between the US and The People's Republic of China

2. Egyptian leader = Anwar el-Sadat

3. Israeli leader = Menachem Begin

Sadat and Begin signed a peace treaty between their countries.

4. deposed Shah of Iran =  Mohammed Reza Pahlavi

5. Soviet leader visited by Nixon in 1972 = Leonid Brezhnev

6. Nixon's Vice President = Spiro Agnew

Agnew was the Vice-President until he resigned for tax evasion. He was replaced by Gerald Ford

7. leader of the Islamic Republic of Iran = Ayatollah Khomeini

8. fired by President Nixon Archibald Cox

Cox was Special Prosecutor in the Watergate investigation. Firing Cox did not solve that crisis for Nixon.  Leon Jaworski was appointed to replace Cox, and the investigation continued.

After World War II, Stalin said that the Soviet Union needed a “buffer zone” to protect it from attack. This idea resulted in the USSR expanding its control into

Answers

Answer: EASTERN EUROPE

Context/explanation:

US president Franklin Roosevelt, British prime minister Winston Churchill, and Soviet premier Joseph Stalin, the leaders of the Allies in World War II, met at Yalta in February, 1945.  

Churchill and Roosevelt pushed strongly for Stalin to allow free elections to take place in the nations of Europe after the war. At that time Stalin agreed, but there was a strong feeling by the other leaders that he might renege on that promise. The Soviets never did allow those free elections to occur. Later, Winston Churchill wrote, ""Our hopeful assumptions were soon to be falsified." Stalin and the Soviets felt they needed the Eastern European nations as satellites to protect their own interests.   A line of countries in Eastern Europe came into line with the USSR and communism.  Churchill later would say an "iron curtain" had fallen between Western and Eastern Europe.


Answer:

D Eastern Europe

Explanation:

D on edge feb 2021

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scientist have found many marine fossils on the mountain far from any ocean or sea what is the best explanation for these fossils Which of the following statements is true of archetypal images?A. They relate to ideas expressed by people in many cultures.B. They are most often used in prose rather than poetry.C. They are not as powerful as other types of images.D. They are rarely found in modern works. 10 points! Use the drop-down menus to complete the sentence. Due to the stories in the (fill in the blank), scholars know that the Indo-Aryans first lived as (fill in the blank), although they later survived as (fill in the blank) as well. The options for the first fill in the blank are Vedas, Bhagavad-Gita, Mahabharata, and Ramayana. The options for the second fill in the blank are farmers, herders, hunters, and gatherers. The options for the second fill in the blank are the same options as the second. 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However, Sam is listening to the discussion and will be able to recall details about it later. He even contributes a few ideas, paraphrases for clarity, and asks some questions.~~~~~~~~~~~~~~~~~~~~Why isnt Sam demonstrating good speaking and listening skills?A) Sam is not taking notes.B) Sam is not asking a lot of questions.C) Sams body language does not show engagement.D) Sam is not making connections with prior knowledge.4) When presenting her point of view in a group discussion, Martinique is knowledgeable, acknowledges other viewpoints, and answers questions fully. However, she frequently interrupts other speakers.~~~~~~~~~~~~~~~~~What skill must she improve to be a more effective presenter?A) understanding social cuesB) speaking with more confidenceC) supporting a point of view with factsD) explaining her point of view to others~~~~~~~~~~~~~~~~~~~~5) Which phrases in the parentheses give specific details about place? Select TWO options.A) The grade I earned (in trigonometry) last year required a lot of time and effort.B) The student councils goal is (to raise enough money) for the homecoming dance.C) Last week, construction workers began building a new fire station (around the corner).D) (Generous and hardworking), the volunteers built the playground over there.E) Sometime last summer, the fruit stand (down the street) was replaced with a car wash. What can you say about the y-values of the two functions f(x)=-5^x +2 and g(x)=-5x^2+2?A) f(x) and g(x) have equivalent maximum valuesb) The maximum y-value of f(x) approaches 2c) g(x) has the largest possible y-valued) f(x) has the largest possible y-valueIts multiple choice Determine the type of triangle that has angle measurements of 45, 45, 90. What is the awnser for 1/2 x + 8 equals 16 The variables y and x have a proportional relationship, and y = 7 when x = 2.What is the value of y when x = 5? 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