Self interest helps achieve society's economic goals because it encourages each economic agent to look for maximum benefits at the minimum cost possible
In economics, self-interest is the idea that the best economic benefit for all can usually be accomplished when individuals act in their own self-interest.
Self-interest refers to actions that elicit personal benefit. Adam Smith, the father of modern economics, explains that individuals usually benefit most from acting in their own interests. According to his theory, the Invisible Hand creates goods and services that benefit both producers and consumers when dozens or even thousands act in their own self-interest.
Economies in which goods and services can be freely exchanged are characterized by self-interest and competition. As a result of these forces, good and services supply and demand as well as their value are influenced.
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Answer:
on Atlantic city real-life streets
Explanation:
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Answer:
Check the explanation
Explanation:
The statement is an invalid statement; modern developments in transportation, particularly canals and railroads, in combination with the rave of sophisticated manufacturing and agricultural technology helped to equally spark glow out the American economic growth in the first half of the nineteenth century
1. In Transportation
a. Canals made trade more efficient and well organized, tying western farms to industrialization in the East
i. Erie Canal - cheaper cost in the transportation of goods
ii. Other canals
b. in Railroads: more flexible, faster, cheaper than canals
i. Baltimore + Ohio Railroads
ii. additional expansion and development of the entire nation
c. Telegraph
- easier process of railroads and other processes
Question: Which two bodies of water border India?
Answer: Arabian Sea and the Bay of Bengal
Explanation these are the 2 of the three largeset bodies of water that border india
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Answer:
The chances are 100 percent for the three children
Explanation:
From the question, it is obvious that both Matthew and Jane are achondroplastic dwarfs. This implies that they are both carriers of the dominant traits. Hence the chances that their third child will be an achondroplastic dwarf is 100 percent because Matthew and Jane both carry dominant genes.
