Adam Smith believed that countries would prosper if businesspeople were free to start and run their own businesses,because businesspeople would make a profit by providing the goods,services and ideas that others in the economy wanted.This was called the:
A)kinked demand theory.
B)invisible hand.
C)spending multiplier.
D)demand accelerator.

Question

Quizplus · Accepted Answer

Adam Smith's belief that countries would prosper through the free market and the pursuit of self-interest by individuals is referred to as the "invisible hand."

Adam Smith Believed That Countries Would Prosper If Businesspeople Were