History, 13.08.2020 01:01, teacherpreacher
In the following statement, Adam Smith comments on the individual who uses domestic industry and labor. Use Smith's statement to answer the question below: "...he intends only his own security... he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention... By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." Source: An Inquiry into the Nature and Causes of the Wealth of Nations How does Smith's view of the economy expressed in this excerpt compare to Owen's? Both believe that individuals acting in their own self-interest will lead to economic equality. Both believe that individuals acting in their own self-interest will lead to economic inequality. Smith believes that individuals acting in their own self-interest will lead to the maximum social benefit, while Owens does not. Owens believes that individuals acting in their own self-interest will lead to the maximum social benefit, while Smith does not.
Answers: 3
History, 21.06.2019 15:30, Bvrz6198
How did the union blockade of the southern coast affect the confederacy? it forced the confederacy to build new railroads. it contributed to shortages of weapons and food. it encouraged europe to trade with the south. it halted all trade, leaving the south without supplies.
Answers: 1
In the following statement, Adam Smith comments on the individual who uses domestic industry and lab...
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