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Adam Smith Is Usually Regarded as the Founder of ________

question 37

Short Answer

Adam Smith is usually regarded as the founder of ________ economic thought and policy,which favors a limited role for the government in economic life.


Definitions:

Facilities

Buildings, services, equipment, etc., provided for a particular purpose, such as healthcare, education, or sport.

Business Firm

An organization engaged in commercial, industrial, or professional activities, either for profit or non-profit.

Independent Regulatory Agencies

Independent regulatory agencies are federal bodies created by Congress to enforce and regulate specific areas of economic activity, operating with some degree of independence from executive control.

Federal Communications Commission

A United States government agency that regulates interstate and international communications via radio, television, wire, satellite, and cable.

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