Adam Smith Argued That Government Has a Duty to Build

question 32

True/False

Adam Smith argued that government has a duty to build and maintain public works and public institutions that can never be for the interest or profit of individuals.

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Definitions:

Insure The House

Entering into a policy agreement with an insurance company to provide protection against damages or losses to one's home, typically against risks like fire, theft, or natural disasters.

Insurable Interest

A stake in the preservation of a subject against loss or damage, legally necessary for an individual to purchase insurance on a life or property.

Property Insurance

A type of insurance covering loss or damage to physical property through accidents, theft, or natural disasters.

Legal Owner

The individual or entity that holds the legal title to property, providing them with the rights to control, use, and dispose of it.