adam smith believed that a person's self-interest would _____.

Answers

Answer 1

Answer:

Smith found that self-interest and rational self-interest were powerful motivators of economic activity.

Adam Smith was one of the first economists to explain how self-interest and rational self-interest in a free-market economy can lead to overall economic well-being.

Explanation:

Smith argued that by giving everyone freedom to produce and exchange goods as they pleased (free trade) and opening the markets up to domestic and foreign competition, people's natural self-interest would promote greater prosperity than with stringent government regulations .

Self-interest refers to actions that elicit personal benefit. Adam Smith, the father of modern economics, explains that the best economic benefit for all can usually be accomplished when individuals act in their own self-interest. His explanation of the Invisible Hand reveals that when dozens or even thousands act in their own self-interest, goods and services are created that benefit consumers and producers.


Related Questions

What parts of the government made this headline happen?

a) Senate and President

b) Supreme Court and
President

c) House of Representatives

d) Supreme Court and House of Representatives

Please answer if you are sure and DO NOT SEND LINKS

Answers

The answer should be A.
The part of the government that made the headline is the senate and the president :)

this is my bellringer for Ss and I need help

Answers

Cultures are able to spread due to migration, and this is because people get to come from all over and teach others their ways, not only that but human migration has allowed for new cultures to form.

Answer:

Of how each of individuals who are migrates had experience different types of multiple stresses of their mental health which are their culture, religion, and having change of identity and being adjustment in new culture.

Explanation:

Of all human migration people been forced of their host culture powerful leader of passing in territory. That only of migration people influenced cultures around whole globe of their past.

Hope this good for you

How did the relationship between the two powers improve under Détente?

Answers

Answer:both sides willing to explore accommodation, the early 1970s saw a general warming of relations that was conducive to progress in arms control talks. In practical terms, détente led to formal agreements on arms control and the security of Europe.

Explanation:

what the guy above me said, He or She is correct

Following _______ & _________ makes life disciplined.

Answers

Life goals it’s the answer because it is

need or want Help please

Answers

Answer:

You need water, shelter, and a winter coat

The rest are wants

Explanation:

Needs are something you NEED to survive. You cannot survive without basic needs :)

Water

Shelter

❄️Winter coat

How could you determine which country pays the most for each item?

Answers

Answer:

Who gets its funding from two main sources: the Member States paying their assessed contributions (countries' membership dues), and voluntary contributions from the Member States and other partners.

why do you think targeted the Bastille




-social studies french revolutin

Answers

A Paris mob stormed the Bastille, in search of a large amount of quantities of arms and ammunition that the mob believed was stored at that fortress. They had had also hoped to free prisoners( It was traditionally a fortress to hold political prisoners) This took place on July 14, 1789

Benefits of Alaska acquisition(In a list preferably)

Answers

Answer: he Senate approved the treaty of purchase on April 9; President Andrew Johnson signed the treaty on May 28, and Alaska was formally transferred to the United States on October 18, 1867. This purchase ended Russia's presence in North America and ensured U.S. access to the Pacific northern rim.

Other Questions
Which statement correctly describes scientific knowledge!A. It changes from place to place.B. It is based on opinions.C.It varies from person to person.D. It is based on facts.(No files) 1. Zerbie sees a psychologist who tells them that the past is not what's important - it's all abouttheir future! Zerbie's psychologists listens carefully to what they say, repeating the informationback and asking for clarification. Zerbie is in charge of deciding what the problem is and how togrow and meet their needs. What type of psychologist is Zerbie seeing?a. Psychoanalystb. BehavioristC. Biopsychologistd. Humanist 2h + 10 = 20 solve the value for h the___ air in the small cabin forced us outside Viruses vary in size and structure, but what is one thing they have in common?a. they destroy the host cellb. they all cause terminal illnessc. they all hijack a host celld. none of the above Please helpp Extra points and brainleist The angle of depression of a point G on a horizontal ground from top T of an electrical pole is 25. If the distance from G to the foot of the pole is 45m, calculate the height of the pole to the nearest whole number. PS: use scale 1:9. Which of the following was a successful effort by Congress to protect the rights of the newly freed enslaved people?A. the Homestead ActB. the Wade-Davis BillC. the Freedmens BureauD. the Land Morrill Grant ActE. the Ten Percent Plan Which of the following BEST exemplifies the difference between the adult justice process and the juvenile justice process?A Juveniles must go before a judge and adults do not.B. Adults have the right to an attorney and juveniles do not.C. Juveniles have the right to an appeal and adults do not.D. Adults have the right of trial by jury and juveniles do not. The length of one side of a square is 3m^4. What is the area of the square? (A = I x w)a. 3m^4b. 6m^8C. 9m^8d. 6m^6 Identify the characteristics of syntax errors. Choose all that apply.programmer did not follow the program language conventionsmay be highlighted while writing the programcan be caused by mistyping or misspelling while writing the programdoes not cause an error message Explain the advantages to a plant of having its cell membranes surrounded by cell walls A model rocket is launched with an initial upward velocity of 188 ft/s. The rocket's height h (in feet) after t seconds is given by the following.h=188t-16t^2Find all values of for which the rocket's height is 92 feet.Round your answer(s) to the nearest hundredth.(If there is more than one answer, use the "or" button.) i need a paragraph of the movie "The Giver". can someone please help me. 28. What happens to a liquid when heated?A. It remains the same.B. It increases in mass.C. It increases in temperature.D. Its temperature cannot be determined. Which fraction is equivalent to -(7/8)1. -7/82. -7/-83. -(-7/8)4. -(7/-8) HURRY SPONISH______ descansa ella? A las dos de la tarde?_______ descansan ellos? En el parque?________ visita el museo? Marco?_______ compramos ropa en Amazon? Porque es fcil?_______ lleva usted a la fiesta? Los jeans?________ vamos al centro comercial? En taxi?__________ vais vosotros? Al cine?__________ vas al cine? Con Maria?_________ clases tienes? Siete? ________es tu clase favorita? Espaol o Matemticas? when twice a number is increased by 10, the sum is 42.what is the number? Un tanque de 50 litros tiene un gas a CNPT. Cunto valdr la presin si la temperatura aumenta 40 C, y el volumen permanece constante? A bat emits a 40 kHz chirp to locate flying insects. If the speed of sound is 340 m/s and a bat hears the echo from the moth after 0.6 seconds, then how far away is the moth?