Asked by Alexandra Kostanyan on Jun 10, 2024
Verified
____ is often called the father of capitalism.
A) Karl Marx
B) George Washington
C) Benjamin Franklin
D) Alan Greenspan
E) Adam Smith
Father of Capitalism
A term often attributed to Adam Smith, who is credited with laying the foundational theories for modern economic systems based on free-market principles.
- Acknowledge the historical and theoretical foundations of capitalism and socialism.
Verified Answer
TC
Tristin ClubbJun 11, 2024
Final Answer :
E
Explanation :
Adam Smith is often referred to as the father of capitalism due to his influential book "The Wealth of Nations" which laid out many of the principles of free market capitalism that are still in use today.
Learning Objectives
- Acknowledge the historical and theoretical foundations of capitalism and socialism.