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WILL GIVE BRAINLIEST!!! 50 POINTS!!!


you have just read about one of the great economists of all time, adam smith. in his famous publication the wealth of nations smith makes the following statement “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.”

in one well developed, explain this statement from an economists perspective.

Answer :

Answer:

The central thesis of Smith's "The Wealth of Nations" is that our individual need to fulfill self-interest results in societal benefit, in what is known as his "invisible hand".

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