How Did Jean-Jacques Rousseau and Adam Smith Perceive the Influence

question 52

Multiple Choice

How did Jean-Jacques Rousseau and Adam Smith perceive the influence of commerce on human relations?

• A) Both believed that commerce satisfied human needs and prevented conflict.
• B) Both believed that commerce alleviated natural inequalities among people.
• C) Rousseau believed that commerce made people harmful to each other,whereas Smith believed it fostered cooperation.
• D) Rousseau believed that humans had a natural instinct for commerce,whereas Smith believed it must be taught.

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Definitions:

Intragroup Sales

Intragroup sales involve transactions of goods or services between companies within the same corporate group, impacting consolidated financial statements.

Non-controlling Interest

A shareholder's equity in a portion of a subsidiary that is not owned, directly or indirectly, by the company which owns more than half of the subsidiary.

Consolidated Group

A group of companies composed of a parent and its subsidiaries, whose financial statements are prepared as one entity.

Equity

The value of shares issued by a company, representing ownership interest held by shareholders.