What Is the Consequence of Each Man Following His Own

question 13

Multiple Choice

What is the consequence of each man following his own self-interest, according to Smith?

• A) Class struggle and eventually revolution
• B) The interests of society are also promoted
• C) Some fall between the cracks
• D) The disparity between the rich and poor becomes more pronounced

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Definitions:

Political Party

A structured group of people who share similar political aims and opinions, and aim to influence public policy by getting its candidates elected to public office.

Material Culture

Refers to the physical objects, resources, and spaces that people use to define their culture. These include homes, neighborhoods, cities, schools, churches, synagogues, temples, mosques, offices, factories and plants, tools, means of production, goods and products, stores, and so forth.

Designer Labels

Designer Labels refer to brands, particularly in the fashion industry, that are recognized for their high-quality, exclusivity, and their designer's name, often associated with status and luxury.

Cultural Relativism

The principle of understanding other cultures on their own terms, rather than judging or evaluating according to one’s own culture.