Asked by
mindahun admassu
on Oct 13, 2024Verified
Adam Smith believed that people are guided by
A) the principle "let your conscience be your guide."
B) greed.
C) the public good.
D) an innate sense of fairness.
Innate Sense
An inherent or natural ability, perception, or understanding.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theory of the benefits of a free market economy.
Public Good
A service or product offered for free to every member of a society, made available by either governmental entities or private organizations without aiming for financial gain.
- Comprehend Adam Smith's theories on self-interest and the invisible hand in economics.
Verified Answer
SS
Learning Objectives
- Comprehend Adam Smith's theories on self-interest and the invisible hand in economics.