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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Hello,
First of all a historian is a person who makes comments about the events which happened in the past. A historian does this by using lots of different sources. One of the sources used can be the data obtained by the archaelogist. The reason for this is An archaeologist makes some researches to break ground and takes out something important about the events happened in the past. The objects found by an archaeologist helps a Historian to understand the history briefly what happened in the past. They are really different specialist but they always help each other and this help facilitates their understanding
The legislator could be in the favor of making investments in capital goods as the purchase of these goods acts as a capital investment and also boost the economic growth of the country.
<h3>What are capital goods?</h3>
Capital goods are those assets that a manufacturing company uses to produce various merchandise or services. These goods are then sold in the market for purchase by the customers.
Capital investment is a kind of investment in acquiring capital goods, that is. tangible fixed assets. These goods are further utilized to manufacture products or services which the consumer will buy from the market. Investment in capital goods by the legislator is a way to maximize the economic objectives of the country which will ultimately contribute to the growth of a country.
Therefore, the investment done by the legislator in capital goods creates capital investment for the economy.
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It doesn’t matter anymore everyone that signed it died Answer:
Explanation:
<span>True. The cost of
living these days are difficult. Prices
for goods and services can have a deep impact on our savings that we get from
work. Lack of money prevents from
providing for the needs of ourselves and especially our family. When you cannot provide it can create mental
as well emotional anxiety especially it is urgent that provide for people you
care about. Apart from that, others will
blame you for your failure to provide especially if it is your responsibility
to do so. </span>
