History, 19.10.2019 02:40 deannajd03
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."
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 individuals acting in their self-interest will lead to economic equality.
both believe individuals acting in their self-interest will lead to economic inequality.
smith believes individuals acting in their self-interest will lead to the maximum social benefit, while owens does not.
owens believes individuals acting in their self-interest will lead to the maximum social benefit, while smith does not.
Answers: 3
History, 21.06.2019 17:00
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History, 21.06.2019 17:30
Even before world war ii had ended, it was apparent that the allies would not remain friends in the post-war era. explain what is meant by the term cold war. then describe how the conflict between the superpowers manifested itself in the two following regions: europe and asia.
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History, 22.06.2019 02:00
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History, 22.06.2019 04:20
How are the republican and democratic presidential candidates chosen? a. they are nominated by their state governments. b. each is nominated by his or her respective party. c. each is chosen by the governor of his or her home state. d. they are chosen by the house of representatives.
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In the following statement, adam smith comments on the individual who uses domestic industry and lab...
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