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 he advocated for minimal government intervention in the economy, emphasizing the benefits of free markets and the “invisible hand” that directs resources efficiently when individuals pursue their own self-interest.