select the correct answer. mark is an excellent cook. he does not have any formal training but learned to…

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

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

Answer

Brief Explanations:

Adam Smith's concept of self - interest suggests that individuals act in their own best economic interests. Mark wants to start a restaurant to be successful and wealthy, which is driven by his self - interest. The invisible hand refers to the market forces that guide economic activity without direct intervention. Competition is about rivalry among firms. Laissez - faire is the idea of minimal government interference in the economy. Mark's motivation aligns with self - interest.

Answer:

B. self - interest