Asked by Alexis
Based on Adam Smith's quote, an economy is most productive and efficient when....
Individuals have a desire to serve others.
Individuals serve thier own self-interest.
Individuals are educated.
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Individuals serve their own self-interest.
Adam Smith’s famous line (“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner…”) argues that when individuals pursue their own interests, the division of labor and market exchanges—guided by the “invisible hand”—raise productivity and efficiency. (Education and other factors also matter, but Smith’s key point emphasizes self-interest.)
Adam Smith’s famous line (“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner…”) argues that when individuals pursue their own interests, the division of labor and market exchanges—guided by the “invisible hand”—raise productivity and efficiency. (Education and other factors also matter, but Smith’s key point emphasizes self-interest.)
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