Question

The passage below is an excerpt from Adam Smith's The Wealth of Nations (1776). Use the passage to answer the following question:

The market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity…—Public Domain

Why would Karl Marx disagree with Smith's statement?

Answer 1

Marx believed the focus should be on the market and the individual.
Marx believed consumers should determine which goods are made available for sale.
Marx promoted a system without government regulation.
Marx rejected capitalist ideas such as supply and demand.

Answer 2

I put C, but I'm second-guessing myself.

Answer 3

While it is true that Karl Marx promoted a system without government regulation I think D relates more to the topic at hand. Marx was against capitalism so I would say the last answer makes more sense with the given quote.

Answer 4

@JackofallTradez can you double check that answer? ^

Answer 5

I believe D is correct as well. Communism was all about the government controlling everything for the people

Answer 6

Okay, thank you both.

Answer 7

No problem ^_^