When people act in their own self interest, it is described as the
A)principle of supply and demand.
B)principle of voluntary exchange.
C)laws of each state.
D)principle of scarcity.

Question

Quizplus · Accepted Answer

The principle of voluntary exchange refers to the idea that individuals act in their own self-interest when they engage in transactions, as they believe it will benefit them.

When People Act in Their Own Self Interest, It Is