Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

What economic theory was proposed by Adam Smith that explains an economy's success is determined by people's ability to pursue their own financial self-interest?

A. Communism
B. Invisible hand
C. Socialism
D. Keynesian economics

Sagot :

GinnyAnswer

Final answer:

Adam Smith proposed the concept of the invisible hand, stating that pursuing self-interest in a marketplace benefits society as a whole.


Explanation:

The economic theory proposed by Adam Smith is called the invisible hand. According to Smith, individuals pursuing their own financial self-interest in a marketplace will inadvertently benefit society as a whole through the mechanism of the invisible hand. This concept suggests that self-interested actions can lead to positive social outcomes in an economy.


Learn more about Invisible Hand here:

https://brainly.com/question/40980169


Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.