Adam Smith argued that if business is left to pursue its own self-interest
A)The good of society will be served
B)The morality of society will be undermined
C)Great injustices will develop
D)The good of society will be undermined

Question

Quizplus · Accepted Answer

Adam Smith believed that if businesses were allowed to pursue their own self-interest, it would lead to competition and innovation, ultimately benefiting society as a whole. This is the main principle of his theory of the invisible hand, which states that the market will regulate itself in the best interest of society. Therefore, according to Smith, the good of society will be served.

Adam Smith Argued That If Business Is Left to Pursue