Read the quotation by Ralph Waldo Emerson. Which of Adam Smith’s ideals are reflected in the quotation from Emerson? Greater competition will benefit the consumer. Private ownership is the basis for success. Government should not play a role in the free market. Only industrious people should have access to capital.

Respuesta :

Answer:

C.

Explanation:

In the quotation, it says "The basis of political economy is non-interference." Saying that the government shouldn't interfere with the economy.

Ralph Waldo Emerson's quotation reflects the idea of Adam Smith through "the government should not play a role in the free market" statement.

Adam Smith supported the ideology of limited government role in stabilizing the economy such as in areas of defense, public welfare, and law enforcement.

The government must keep itself away from stimulating market forces and should allow for free market functioning. Thus, the market should be held free to produce and become self-sustaining.

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