Adam Smith: Questions

Which of he following does Adam metalworker advocate? The pursuit of self-interest ? check to Adam Smith in a laissez faire economy each process will try to pursue and maximize his avow self-interest merchandise of restrictions to protect the domestic market ? Adam Smith believes in a free market economy and would disapprove of restrictions, even in the label of security measures. Private armies to protect the domestic market ? /? Adam Smith advocates the protection of the domestic market through an army, though I doubt he means a private army.I believe he unaccompanied supports an army that is owned and controlled by the public/the citizens. A legal placement to safeguard internal peace and justice ? Adam Smith supports the laissez faire clay which states that the brass or state should interfere as little as possible in the trading activities between people, as that would only equipment casualty trade. Government subsidies for the shift of infrastructure ? Adam Smith see s this as another duty of the government to grant subsidies for the sake of transport and infrastructure. 2. What, according to Adam Smith, is the driving force of the economy?Adam Smith defined the factors of production as land, labor and capital. He also verbalize that the economy was made up of individual transactions, and that buyers and sellers were looking out for their own self-interest, which was the driving force of every economy. Smith posed the idea of disceptation as well, and the Invisible Hand theory which dealt with competition, self-interest and protecting the consumer from government intervention. 3. Show how individuals who pursue self-interest may a)contribute to general economic prosperity(success)