Adam Smith Believed That the Pursuit of the Public Interest

question 89

True/False

Adam Smith believed that the pursuit of the public interest is also the best way to promote the private self interest.

---

Definitions:

Written Contract

A legally binding agreement between two or more parties, explicitly detailed in a written document rather than agreed upon orally.

Sole Proprietorship

A type of business enterprise owned and managed by one person, where there is no legal distinction between the owner and the business.

Advantages

Benefits or positive aspects of a particular situation, strategy, or choice.

Disadvantages

The unfavorable or negative aspects of a particular situation or choice.