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In a laissez-faire economy, the government plays a

How did banking change in Europe from the 1700s to the 1800s?

According to Adam Smith, the government should be responsible for

Who owns most farms and factories in a capitalist economy?

What was one advantage of the division of labor during the growth of industry?

Which was a main benefit of industrialization?

Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally leads him to prefer that employment which is most advantageous to the society.

Read the quotation by Adam Smith.

According to this quote, what motivates most individuals?

At the dawn of industrialization, why were entrepreneurs important to changing economies in Europe? Check all that apply.

Why do governments often regulate business in a capitalist society?

Why did industrialization change the economy of many countries? Check all that apply.