Question

Use the following quote from Adam Smith to answer the question below:

"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."

Source: Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations

Which of the following systems believes that the role of the government is only to promote competition and provide public goods?

Answer 1

Capitalism

Socialism

Communism

Laissez-faire

Answer 2

I think it would be A.

Answer 3

Lassez-faire means a policy or attitude of letting things take their own course, without interfering. so is that correct

Answer 4

NOOO THATS NOT THE ANSWERRR

Answer 5

i was asking a question

Answer 6

@FEARLESS_JOCEY

Answer 7

Oh okay, thank goodness I didn't submit it. And yes I do believe that is what it means

Answer 8

Ok good :D

Communism means is a socioeconomic system structured upon the common ownership of the means of production and characterized by the absence of social classes, money,[3][4] and the state; as well as a social, political and economic ideology and movement that aims to establish this social order.

So do you think its that

Answer 9

No I don't think it is that.

Answer 10

Good

Socialism means a social and economic system characterised by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.

Do you think its that?

Answer 11

No I don't @jagr2713

Answer 12

So the answer is Capitalism b.c it is the system that believes that the role of the government is only to promote competition and provide public goods. Private individuals and organizations make their own decisions regarding prices.

Answer 13

Yes. Thank you!

Answer 14

Anytime