Which statement best describes what Adam Smith believed would happen when people pursue their own self-interests?

Question

Quizplus · Accepted Answer

Adam Smith believed that when people pursued their own self-interests through the operation of the market economy, it would ultimately lead to the promotion of the general welfare. This is because as individuals pursue their own self-interests, they would also be providing goods and services that others demand, leading to a mutual benefit for everyone in society. Therefore, choice A is the best statement that describes Adam Smith's belief.

Which Statement Best Describes What Adam Smith Believed Would Happen