Refer to the passage. The views expressed in the passage are reflected in
which of the following economic developments in
Europe and America between 1750 and 1900?
"It is not from the benevolence of the butcher, the
brewer, or the baker that we expect our dinner, but from
their regard to their own interest. We address
ourselves, not to their humanity, but to their self-love,
and never talk to them of our own necessities, but of
their advantages. Nobody but a beggar chooses to
depend chiefly upon the benevolence of his fellow-
citizens. Even a beggar does not depend upon it
entirely."
Excerpt from An Inquiry into the Nature and Causes of
the Wealth of Nations, an economic treatise written by
Adam Smith in 1776
O The growth of an agrarian economy to sustain the
basic needs of the population
O The evolution of a free-market economy with
industrialization and expanded trade
O The establishment of merchant banking to invest in
projects by qualified individuals
O The development of democratic socialism and
welfare to counter the interests of wealthy elites