The assumption that the interests of individual consumers are consistent with the interests of the larger society and nation

Question

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The assumption that the interests of individual consumers are consistent with the interests of the larger society and nation is an integral part of the case for free trade. Proponents of free trade argue that when individuals are free to pursue their own self-interest in a competitive market, the interests of society as a whole will be served. This is based on the idea of the invisible hand, where individual actions in pursuit of self-interest ultimately lead to the greatest good for society.

The Assumption That the Interests of Individual Consumers Are Consistent