Use the drop-down menus to complete each sentence. was an economist who led a new school of classical economics. the concept of laissez faire refers to government intervention in the economy. the theory that governments should assist in economic crises through fiscal and monetary policy can be credited to

Smith was an economist who led a new school of classical economics.

Classical political economy is a school of thought that prospered, originally in Britain, in the late 18th and early-to-mid 19th century. Adam Smith is one of its main thinkers.  

The concept of laissez-faire refers to Little government intervention in the economy.

Laissez-faire is an economic theory from the 18th century that resisted any government interference in business operations.

The theory that governments should assist in economic crises through fiscal and monetary policy can be credited to Keynes

Keynesian economy states that, since aggregate demand is unpredictable and unstable, a market economy will frequently end in an economic recession and inflation. And the only way to mitigate those is with monetary policy actions by the central bank and fiscal policy actions by the government.

Adam Smith was an economist who led a new school of classical economics.

The concept of laissez-faire refers to Little government intervention in the economy.

The theory that governments should assist in economic crises through fiscal and monetary policy can be credited to Keynes.

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the mother countries succeed in doing that by using the colony's natural resources, facilities in a colony, they do not take good care of these facilities, causing them to fail. this has had negative and positive effects on the people of africa, they then governed through direct or indirect rule depending on the country.

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