Question

Sue is a gifted cook. She plans to open a restaurant in which she will be the head chef. Sue is willing to work long hours because she believes that her culinary talents and hard work will allow her business to succeed and earn her sizeable profits. Sue's efforts are most consistent with the economic theory developed by:

Answer 1

Answer: Sue's efforts are most consistent with the economic theory developed by Adam Smith.

Explanation:

Adam Smith was a Scottish economist, also known as ''The Father of Economics'' or ''The Father of Capitalism''. Adam Smith once wrote: one a person looks for his/her own interests, there is an invisible hand that makes all society benefits from it. In this sense it is very alike to what Sue thinks because she wants to succeed and earn her sizeable profits. Sue might benefit other people with her decision, according to Adam Smith.