Which of the following was a key belief of Adam Smith?
A) he felt that human goodness would provide adequate goods and services to everyone.
B) he stressed that limited exchange and command economies would prevent the exploitation of the poor.
C) he believed that individuals pursuing their own interests would direct economic activity in the most advantageous way.
D) he lectured about the importance of gold and silver in providing a stable monetary system.

Question

Quizplus · Accepted Answer

Adam Smith believed in the concept of the "invisible hand," where individuals pursuing their own self-interest would unintentionally contribute to the overall good of society, directing economic activity efficiently.

Which of the Following Was a Key Belief of Adam