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Which element is most closely associated with Adam Smith’s capitalism? A. The creation of government-funded industries
B. The establishment of strong economic regulations
C. The protection of workers’ rights to form labor union
D. Limits on the government’s role in economies
The correct answer is D. Limits on the government’s role in economies.
Adam Smith is often referred to as the father of capitalism, and his ideas emphasize the importance of a free market with minimal government intervention. He believed that when individuals are free to pursue their own economic interests, it leads to greater wealth and efficiency in society. This principle aligns with the notion of limiting government’s role in the economy.