Question

“[E]very individual, therefore, endeavours as much as he can [to direct his

resources toward his own business) so that its produce may be of greatest
value; every individual...neither intends to promote the public interest, nor
knows how much he is promoting it...He intends only his own gain, and he
is in this...jed 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: Adam Smith, An Inquiry into the Nature and Causes of the Wealth
of Nations, 1776.) (QUESTION): Based on this passage, what type of
economic system did Adam Smith believe would bring the most benefit to
society as a whole?

Answer 1

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Step-by-step explanation:

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