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Title: Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently ...
Post by: meikunn2565 on Jul 22, 2019
Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently promote society's interest. What assumption is needed for society's interest to be promoted?

▸ Buyers and sellers can make informed decisions.

▸ There are no external benefits or costs.

▸ Markets are perfectly competitive.

▸ all of the above


Title: Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently ...
Post by: jenniferagrethe on Jul 22, 2019
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Title: Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently ...
Post by: meikunn2565 on Jul 22, 2019
Exactly what I needed for my project, TYSM