Adam Smith believed that since businesspeople are motivated to improve their own prosperity, their actions are unlikely to benefit society as a whole.

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The principle of the invisible hand says that activities directed toward self-gain actually end up helping others. For example, when entrepreneurs start up a new business in search of personal profits, they end up creating jobs for others and producing goods and services that satisfy the wants of consumers.

Adam Smith Believed That Since Businesspeople Are Motivated to Improve