Smith sought to explain the concept of aligning self-interest with the promotion of society's overall interest by:

Question

Quizplus · Accepted Answer

Smith believed that individuals acting in their own self-interest in a free market economy would lead to an invisible hand that guides the market to promote the overall interest of society. This involves the concept that competition and self-interest would drive innovation, efficient production, and allocation of resources towards valuable goods and services.

Smith Sought to Explain the Concept of Aligning Self-Interest with the Promotion