According to Adam Smith, if business is left to pursue its self-interest, the good of society will be compromised and harmed.

Question

Quizplus · Accepted Answer

Adam Smith believed that individuals pursuing their own self-interest would ultimately benefit society as a whole through the invisible hand mechanism. He argued that the pursuit of profit would lead to firms producing goods and services that consumers demand, which would increase efficiency and drive economic growth. Therefore, he believed that the pursuit of self-interest by firms would actually benefit society, not harm it.

According to Adam Smith, If Business Is Left to Pursue