According to economists, economic self-interest
A)is a reality that underlies economic behavior.
B)has the same meaning as selfishness.
C)means that people never make wrong decisions.
D)is usually self-defeating.

Question

Quizplus · Accepted Answer

Economic self-interest is a fundamental concept in economics that suggests individuals make decisions based on the pursuit of their own personal gain, which is a key driver of economic behavior. It does not necessarily equate to selfishness, imply infallibility in decision-making, or suggest that pursuing self-interest is self-defeating.

According to Economists, Economic Self-Interest