Question

Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous chefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant?  A. invisible hand

B. self-interest
C. competition
D. laissez-faire

Answer 1

B. self-interest

Step-by-step explanation:

Adam Smith is considered the father of economic liberalism. Smith created a theory about the cause of the wealth of nations and a key element of his analysis was the individual behavior of economic agents. According to Smith, humans are selfish by nature and always seek the best for themselves - this is observed in Mark's greed for being rich. Thus a positive effect of each man's selfish and individual attitudes will be felt in the economy. When everyone seeks their benefits, the wheel of economics spins.

Answer 2

I'm pretty sure that Mark think of starting a restaurant because of that Adam Smith’s idea: B. self-interest. As it's the most suitable answer due ti the content of that idea.