1 answer

Adam Smith is known for his creation on the economic concept__. a. Supply and demand b....

Question:

Adam Smith is known for his creation on the economic concept__.

a. Supply and demand

b. free market

c. lange model

d. scarcity


Answers

Answer) Option B is the correct answer. Adam Smith in his book wealth of nations gave the concept of free market economy. Where the invisible hand driven by the self interest of consumer and producer results into market equilibrium.

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