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Adam Smith Made the Point That Individual Pursuit of Self-Interest

question 25

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Adam Smith made the point that individual pursuit of self-interest (egoistic conduct), even when subject to rules and constraints, always undermines the utilitarian goal of producing the most good for all.


Definitions:

Internet Service Provider

A company that provides customers with access to the Internet, along with related services such as website building and hosting.

Cybersquatting

The practice of registering, trafficking in, or using a domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else.

Domain Name

the unique address used to identify and locate a website on the Internet.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

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