In His Book the Wealth of Nations, Adam Smith Explained

question 139

Essay

In his book The Wealth of Nations, Adam Smith explained, "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest." Explain what Adam Smith meant by this. Be sure to tie your explanation to one or more of the "Big Ideas" in economics discussed in the text.

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Definitions:

Retained

Kept or continued to have possession or use of something, often used in the context of keeping information, positions, or objects.

Confidentiality

The ethical principle or legal right that a professional or organization should not disclose information about a client or patient to others without the consent of the individual.

Retained

Retained refers to something that is kept or continued to be used, held in position, or remembered.

Access

The ability, right, or opportunity to reach, use, or participate in something.