In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, economist Adam Smith argued that individuals
A)always tend to act in an altruistic manner.
B)always consider the impact of their actions on the welfare of others.
C)are motivated by self-interest.
D)are generally not concerned with economic questions.

Question

Quizplus · Accepted Answer

Smith argued that individuals act in their own self-interest, seeking to maximize their own wealth and well-being. This self-interested behavior, in turn, leads to a generally prosperous society where resources are efficiently allocated and everyone benefits.

In His Book, an Inquiry into the Nature and Causes