Adam Smith,the father of liberal economics,determined that groups of individuals pursuing their own self-interest manage to stay intact and not fall into the chaos of civil strife because:

Question

Quizplus · Accepted Answer

Adam Smith believed that individuals pursuing their own self-interest in an environment where others are acting similarly would lead to competition. This competition, in turn, would lead to market forces regulating the economy and preventing chaos or civil strife. Therefore, option B is the best choice.

Adam Smith,the Father of Liberal Economics,determined That Groups of Individuals