The Social Thinker Who Analyzed and Celebrated the Operation of a Free-Market

question 88

Multiple Choice

The social thinker who analyzed and celebrated the operation of a free-market economy was

• A) Adam Smith.
• B) Thorstein Veblen.
• C) Max Weber.
• D) Karl Marx.

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Definitions:

Demographic Features

Characteristics of a population being studied, including age, sex, ethnicity, income, education, and more.

Idiocentric

Characterizing individuals who are more self-reliant and independent, prioritizing their personal goals over group goals.

Group

A group refers to a number of individuals who have shared interests or goals and are perceived to be bound together in some manner.

Personal Goals

Individual objectives or aspirations that one strives to achieve, which can motivate behavior and guide actions.