Practicing Success
Who supported the idea of a "Free market" ? (1) Adam smith (2) E Durkheim (3) K Marx (4) M.N. Srinivas |
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Adam Smith supported the idea of a ‘free market’, that is, a market free from all kinds of regulation whether by the state or otherwise. This economic philosophy was also given the name laissez-faire, a French phrase that means ‘leave alone’ or ‘let it be’. |