Question

Which model of human nature originated during the Enlightenment and assumes that economic analysis should focus on individuals who maximize their utility under conditions of scarcity?

Answer 1

Answer:

Self Interested Model

Explanation:

The conception of Self Interested Model is a reflection of the Humanism that featured the Enlightenment. It's the idea that personal desires are more important than the community because they can maximize the production value, and created a wealthy market. In business, self-interest focuses on actions or activities that are advantageous to an individual or organization. For a business or individual to survive and grow, a degree of self-interest is necessary.