Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally leads him to prefer that employment which is most advantageous to the society. Background information: Adam Smith published The Wealth of Nations in 1776. In this passage, he discusses the principle of self-interest in a capitalist system. According to Smith, what is the primary economic motivation for most people? to find employment where they can improve society to find employment where they can make the most money to find a line of work where they can own their own business to find work only out of necessity
Answers
Answer A: According to Smith. saissez-fair philosophies, such as reducing the role of the govt. to minimum and intervention and taxation by govt. in the free markets, and his idea that an unseen hand control and guides supply and demand policy are among the key ideas for which Smiths is responsible.
It was presented and promoted on April 19, 2017
Answer B: The classical economists had a notion that worker and resources are used completely or partially by employment.
The classical economic theory of Adam Smith, states that over-production is a general criterion of an economy.
Therefore, the condition of unemployment does not occur in such an economy.
According to economists, if the condition of unemployment happens, it is temporary in nature in the economy.
In addition, classical economists also propose that the condition of unemployment occurs due to the govt. interference or intervention of private organizations.
Answer:B : to find employment where they can make the most money
Explanation: