Who among the following was a strong advocate of free markets and minimal governmental activity?

CA Foundation · Business Economics · MTP · September 2026
Who among the following was a strong advocate of free markets and minimal governmental activity?
(A) A. Adam Smith
(B) B. Richard Musgrave
(C) C. A.C. Pigou
(D) D. Alfred Marshall

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Adam Smith

Topics: Nature & Scope of Business Economics

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