subject
History, 16.09.2019 10:00 liyahheadhigh

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:
" intends only his own 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 by pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it."
how does smith's view of the economy expressed in this excerpt compare to owen's?
a) both believe individuals acting in their self-interest will lead to economic equality.
b) both believe individuals acting in their self-interest will lead to economic inequality.
c) smith believes individuals acting in their self-interest will lead to the maximum social benefit, while owens does not.
d) owens believes individuals acting in their self-interest will lead to the maximum social benefit, while smith does not.

ansver
Answers: 1

Another question on History

question
History, 21.06.2019 20:30
What was the result on the u.s. economy because of the major changes in atlantic shipping prior to and during the war of 1812?
Answers: 1
question
History, 21.06.2019 22:00
Without george washingtons invention, what aspect of life most likely would be impacted
Answers: 2
question
History, 22.06.2019 00:00
What was the historic border between the united states and mexico?
Answers: 1
question
History, 22.06.2019 02:00
Americans who supported manifest destiny believed that the united states should
Answers: 1
You know the right answer?
In the following statement, adam smith comments on the individual who uses domestic industry and lab...
Questions
question
Chemistry, 27.06.2019 08:30
Questions on the website: 13722367