Which one of the following is a early po

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Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

Which one of the following is a early political economist who gave the idea of free-market economy ?

Options:

Emile Durkheim

Max weber

Karl Mark

Adam Smith

Correct Answer:

Adam Smith

Explanation:

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.