If each person pursues their own self-interest through a market-institution, the resulting chaos would cause the market to collapse.

Question

Quizplus · Accepted Answer

While individual self-interest is an important driving force in a market economy, there are also laws, regulations, and institutions in place to prevent chaos and ensure that the market operates efficiently. The market does not inevitably collapse because of self-interest, but rather requires careful management and regulation to function properly.

If Each Person Pursues Their Own Self-Interest Through a Market-Institution