subject
History, 07.08.2021 02:40 weeblordd

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?

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 22:30
What is the relationship of the letters n.y.l> w.c to the new york infirmary for women and children
Answers: 2
question
History, 22.06.2019 04:00
How did the atomic bomb end the war
Answers: 2
question
History, 22.06.2019 07:30
What was a goal of the treaty of versailles? question 4 options: to germany rebuild its industry to build better roads and factories in germany to make sure germany did not invade france in the future to give great britain and the united states credit for their in wwi
Answers: 2
question
History, 22.06.2019 09:00
What us action attempted to halt japanese expansion in the pacific prior to world war ii
Answers: 2
You know the right answer?
In the following statement, Adam Smith comments on the individual who uses domestic industry and lab...
Questions
question
Arts, 28.01.2020 12:31
question
English, 28.01.2020 12:31
question
Mathematics, 28.01.2020 12:31
Questions on the website: 13722360