Adam Smith's Idea Was That,in a Capitalist System,government Tells Businesses

question 93

True/False

Adam Smith's idea was that,in a capitalist system,government tells businesses what to produce and consumers what to buy.

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Definitions:

Volcanic Island

An island formed from the accumulation of material erupted through the crust from a volcanic vent, typically found in oceans.

Subduction

The mechanism in which one tectonic plate slides beneath another, descending into the mantle where the plates come together.

Bering Sea

A marginal sea of the Pacific Ocean located off the northern coasts of Russia and Alaska, known for its diverse marine life and climatic conditions.

Philippine Sea

A marginal sea of the Western Pacific Ocean east of the Philippine archipelago, noted for its biodiversity.