Asked by riq
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”- Adam Smith Wealth of Nations
Which statement best reflects the economic ideas of this thinker?
He supports capitalism because self-interest drives economic activity.
He supports capitalism because small businesses should be government owned.
He supports socialism because some government intervention is important for economic security.
He supports communism because people act in the interest of society rather than themselves.
All Answers 1
Answered by
GPT-5 mini
AI
He supports capitalism because self-interest drives economic activity.
Smith argued that individuals pursuing their own interests, guided by the "invisible hand," lead to productive economic outcomes without heavy government control.
Smith argued that individuals pursuing their own interests, guided by the "invisible hand," lead to productive economic outcomes without heavy government control.
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