How is it that people working in their own self-interest produce goods, services, and wealth for others?
A) By taking advantage of a vast supply of labor, people working in their own self-interest could hire others at very low wages.
B) In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.
C) The government pays entrepreneurs in the U.S. to produce goods, services, and wealth for others.
D) Entrepreneurs tend to include themselves in a group of people who need charitable support. A portion of the entrepreneur's profit (as required by law) goes to the charity of one's choice to support the less fortunate.

Question

Quizplus · Accepted Answer

The way people can become wealthy by their own efforts is to sell what they produce to others. As the business grows, labor is hired to produce more. This is the "invisible hand" concept that turns self-directed gain into social and economic benefits for all.

How Is It That People Working in Their Own Self-Interest