Adam Smith theories promote individualism in the sense that they state that, when each economic agent (households, business, or public entities) pursue their own interests selfishly, the outcomes generated by their economic activities will optimize the social welfare.
The incentives behind working for the own profit are much higher, and make individuals more productive and more sensitive to mistakes, therefore they are keen on improving their practices constantly. In turn, the incentives of working for the common interest are more vague, and such situations lead to sharp productivity declines. It is more likely that societies with greater productivity are able to produce efficiently enough goods and services to cover the needs of all its citizens. Therefore those societies end up maximizing the social welfare. These are the main arguments which support the invisible hand principle coined by Adam Smith.
As Calvin's beliefs spread and gained strength, his impact upon the city of Geneva grew ever stronger. Other leaders and people who followed of the Protestant Reformation came to Geneva for protection from persecution
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Explanation:The point of the doctrine was to separate the influence in which the United States and European powers would have .Europe and United states will have no intervention within the Western Hemisphere
