Adam Smith's belief that the pursuit of self-interest by individuals leads to social betterment is called the:

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Adam Smith's belief in the invisible hand meant that when individuals pursue their own self-interest, they unintentionally promote the greater good of society through the functioning of the market. As individuals seek to satisfy their own wants and needs, they have an incentive to produce goods and services that others will value, leading to greater overall productivity and wealth. The concept of the invisible hand is central to Smith's economic theory and his belief in the efficacy of free markets.

Adam Smith's Belief That the Pursuit of Self-Interest by Individuals