64. In Wealth of Nations, which economic concept does Adam Smith promote with this quote?

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer. (Source: The Wealth Of Nations, Book IV Chapter VIII, v. ii, p. 660, para. 49)

regulated markets
colonial exports
government subsidies
free competition

Question

64. In Wealth of Nations, which economic concept does Adam Smith promote with this quote?

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer. (Source: The Wealth Of Nations, Book IV Chapter VIII, v. ii, p. 660, para. 49)
   
       regulated markets
       colonial exports
       government subsidies
       free competition

anonymous · Answer

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