'Adam Smith: Questions\r'

'Which of he following does Adam smith advocate? •The pursuit of egocentrism ? consort to Adam smith in a ‘laissez faire’ sparing each member entrust try to pursue and maximize his witness self-interest •Import of restrictions to protect the home(prenominal) help commercialise ? Adam Smith believes in a free market rescue and would disapprove of restrictions, even in the bid of protection. •Private armies to protect the domestic market ? /? Adam Smith advocates the protection of the domestic market through an army, though I doubt he mean’s a private army.I believe he and supports an army that is suffered and controlled by the public/the citizens. •A legal form to safeguard internal peace and evaluator ? Adam Smith supports the ‘laissez faire’ system which states that the administration or state should interfere as little as possible in the trading activities between people, as that would only harm trade. †¢Government subsidies for the transport of cornerstone ? Adam Smith see’s this as another duty of the political sympathies to grant subsidies for the sake of transport and infrastructure. 2. What, accord to Adam Smith, is the driving force of the economy?Adam Smith defined the factors of fruit as land, labor and capital. He also said that the economy was made up of individual transactions, and that buyers and sellers were looking out for their own self-interest, which was the driving force of every economy. Smith posed the idea of competition as well, and the â€Å"Invisible Hand” theory which dealt with competition, self-interest and protecting the consumer from government intervention. 3. Show how individuals who pursue self-interest may… a)contribute to general frugal prosperity(success);\r\n'