Question

select the correct answer.
mark is an excellent cook. he does not have any formal training but learned to cook by following the recipes of several famous chefs and his mom. every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. which of adam smiths ideas made mark think of starting a restaurant?
a. invisible hand
b. self - interest
c. competition
d. laissez - faire

Explanation:

Adam Smith's "self - interest" concept refers to individuals pursuing their own economic gain (like Mark wanting to start a restaurant to be successful and wealthy) which also benefits society. The "invisible hand" is about market forces, "competition" is about rival firms, and "laissez - faire" is minimal government intervention. Mark's motivation is self - interest.

Answer:

B. self - interest