They had their own governer didn't they?
The correct answer is C) To gain the greatest possible profit.
Adam Smith is well known for his economic philosophies written in his book <em>Wealth of Nations</em>. This influential book about capitalism and laissez faire economics helped to develop America's modern economic system.
In his book <em>Wealth of Nations, </em>Adam Smith advocates no government intervention in the economy. Instead, he argues that competition between businesses will result in the best possible outcome for society. Along with this, Smith argues that when individuals act selfishly, they will help society as a whole. This is because acting in your own best interest will result in lower prices or hiring more workers. These types of effects have a positive impact on the society as a whole.
