Answered

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What economic theory was proposed by Adam Smith that explains an economy's success is determined by people's ability to pursue their own financial self-interest?

A. Communism
B. Invisible hand
C. Socialism
D. Keynesian economics

Sagot :

GinnyAnswer

Final answer:

Adam Smith proposed the concept of the invisible hand, stating that pursuing self-interest in a marketplace benefits society as a whole.


Explanation:

The economic theory proposed by Adam Smith is called the invisible hand. According to Smith, individuals pursuing their own financial self-interest in a marketplace will inadvertently benefit society as a whole through the mechanism of the invisible hand. This concept suggests that self-interested actions can lead to positive social outcomes in an economy.


Learn more about Invisible Hand here:

https://brainly.com/question/40980169


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