Adam Smith argued that in a market system,when people act in their own self-interest,they typically
A)help only themselves.
B)harm others.
C)help others, but not as much as they would have if they were not self-interested.
D)help others even more than when they deliberately try to help others.

Question

Quizplus · Accepted Answer

Adam Smith argued that when individuals act in their own self-interest in a market system, it leads to mutually beneficial outcomes for all parties involved. This is because individuals will naturally try to find ways to provide goods or services that will be valuable to others in order to earn a profit for themselves. Therefore, people acting in their own self-interest can ultimately lead to a greater overall benefit for society as a whole than if they were deliberately trying to help others.

Adam Smith Argued That in a Market System,when People Act