Social Studies, 05.08.2019 00:00 qdogisbeast6132

How does smith believe individual self interest and profits benefit all of society

Answers: 1

Show answers

Answers

According to Adam Smith, the self-interest represents the personal gain of the individual and actions he takes in order accomplish that self interest. He was a staunch believer in the free market and was against government regulations because he thought that the free market would most benefit the individual and therefore the society. The competition is what makes the the manufacturers produce better products and more of them, while this will spur the costumers to buy those products. When many act in their own self interest, the market will give both to the manufacturers and the consumers.

Answer from: Quest

1.) question:

how was the agricultural revolution related to the industrial revolution?

d.) improved agriculture led to population growth, which increased demand for goods.

2.) question:

which of the following happened first in the events leading to american independence?

c.) the meeting of the first continental congress.

3.) question:

what was one advantage that cities offered businesses and industrialists?

answer:

d.) transportation networks

4.) question:

what economic philosophy developed in response to the problems of industrial workers?

a.) socialism

5.) question:

how does this image relate to the jacobins?

b.) the jacobins used this machine to scare and execute those who supported the king.

hope this !

Answer from: Quest

Early 18th century british industries were generally small scale and relatively unsophisticated. most textile production, for example, was centred on small workshops or in the homes of spinners, weavers and dyers: a literal ‘cottage industry’ that involved thousands of individual manufacturers. such small-scale production was also a feature of most other industries, with different regions specialising in different products: metal production in the midlands, for example, and coal mining in the north-east.two illustrations of 18t

Another question on Social Studies

Social Studies, 21.06.2019 17:30

Look at the map of cities in the united states at the turn of the twentish century what impact did railroads have on cities across the united states at the turn of the twentish century

Answers: 2

Answer

Social Studies, 22.06.2019 13:00

Germany's black forest is being destroyed as a result of which environmental issue ?

Answers: 1

Answer

Social Studies, 22.06.2019 14:20

In a response to public outcry over the internal revenue service's (irs) extent and abuse of power, the federal government has decided to disband the irs in favor of creating a new administrative agency to oversee taxation. as a business owner, what steps might you be able to take to ensure there are control's and limits to the agency's power? how does this compare with the controls available to branches of the government?

Answers: 3

Answer

Social Studies, 22.06.2019 14:30

Dr. redbull conducts a study to determine whether her new energy drink children perform better on spelling tests. she randomly assigns children to one of two groups: group 1 receives her energy drink and group 2 receives water. she then gives both groups a spelling test and compares the results. which of the following is true about this study? a. group 1 is the dependent variable and group 2 is the independent variable. b. this is a correlational study. c. group 2 is the experimental group. d. the independent variable is the type of drink the children receive.

Answers: 3

Answer

You know the right answer?

How does smith believe individual self interest and profits benefit all of society...

Questions