According to Adam Smith's invisible hand doctrine:
A) self-interest best serves the interests of society.
B) laissez faire must be improved by government intervention.
C) producers should serve the best interests of society.
D) only laissez faire mercantilism best serves the interests of society.

Question

Quizplus · Accepted Answer

The invisible hand doctrine states that when individuals pursue their own self-interest in a free market economy, it ultimately benefits society as a whole. This is because competition and the pursuit of profit lead to more efficient allocation of resources and innovative solutions to problems. Therefore, the best choice is A, which states that self-interest best serves the interests of society.

According to Adam Smith's Invisible Hand Doctrine