subject
History, 27.02.2021 23:20 hawszanderpelv2v

How did Adam Smith revolutionize economics? He developed the idea of the "invisible hand" of the free market, which continually keeps the economy on course.
He taught that a good or service is worth the value of the labor that went into it, neither more nor less.
He espoused the notion that an economy is successful when it increases the value of the national treasury.
He was the first to believe that the work of free laborers and entrepreneurs was more valuable than a feudal economy

ansver
Answers: 3

Another question on History

question
History, 21.06.2019 18:00
Which statement is true about citizenship and the us government
Answers: 1
question
History, 21.06.2019 23:00
How does the pyramid of giza include art, science, math, or a need for infrastructure?
Answers: 1
question
History, 22.06.2019 00:30
In your local newspaper you read an editorial supporting a local building initiative that will cost the town million of dollars
Answers: 3
question
History, 22.06.2019 04:30
Why might the greeck city states have an advantage over the persians
Answers: 2
You know the right answer?
How did Adam Smith revolutionize economics? He developed the idea of the "invisible hand" of the fr...
Questions
question
History, 05.11.2019 13:31
question
English, 05.11.2019 13:31
question
English, 05.11.2019 13:31
Questions on the website: 13722360