Why would Adam Smith love Uber?
A) It was hard to hail a cab in Edinburgh, Scotland during his lifetime.
B) It decreases competition and increases the price.
C) It makes it easier for governments to regulate the taxi industry.
D) It a disruptive technology and increases consumer well-being.

Question

Quizplus · Accepted Answer

Adam Smith is known for his advocacy of the invisible hand, which is the idea that individual self-interest in a competitive market leads to social and economic prosperity. Uber is a disruptive technology that increases consumer well-being by providing an affordable and convenient transportation option. This aligns with Smith's belief in the benefits of free markets and competition.

Why Would Adam Smith Love Uber