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 15:00
Which of the following greek beliefs was also held by marcus aurelius? justice is based on laws, and it must bow to the law. men and slaves are equals because they both belong to nature. bravery and strength in battle were expressions of loyalty to the state. architectural buildings should primarily be built to honor the gods.
Answers: 1
question
History, 21.06.2019 15:30
In general, voter turnout tends to be high in which population?
Answers: 2
question
History, 22.06.2019 03:30
Describe the pure of the counter-reformation and the circumstances and outcomes of the council of trent. include the role of the jesuits in your assessment. conduct independent research, as needed, to support your answer with specific historical information.
Answers: 2
question
History, 22.06.2019 07:00
Why do you think alexander hamilton wanted to pay back the bonds from the confederation government
Answers: 3
You know the right answer?
In the following statement, adam smith comments on the individual who uses domestic industry and lab...
Questions
question
Mathematics, 05.05.2020 06:30
question
English, 05.05.2020 06:30
question
Mathematics, 05.05.2020 06:30
Questions on the website: 13722367