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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the answer is a it is a way of transportation the whole snake part is unimportant
Answer:
It is an example of diseconomies of scale – a rise in average costs due to an increase in the scale of production.
Explanation:
Answer:
The ability is called discrimination.
Explanation:
This term is within Operant Conditioning, in which the subject is able to differentiate between various stimulus, focusing mainly on the conditioned ones and disregarding any <em>similar</em> ones which do not signal an unconditioned stimulus.
The correct answer is <u>openness to change</u>.
<u>Explanation:</u>
<u>"Theory of Basic Human Values"</u> was created by the researcher Shalom H. Schwartz. In intercultural research field, Schwartz identifies ten motivationally distinct values and describes the dynamic relations amongst those values. The relationships between distinct values are portrayed in a circular structure. The quadrant includes hedonism, stimulation and self-direction.
<u>Self-direction</u>: It explains how independent a person is in his thought and action.
<u>Stimulation</u>: It deals with how one faces challenges in their life.
