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According to Adam Smith, trade based on self interest: Group of answer choices will never benefit...

According to Adam Smith, trade based on self interest:

Group of answer choices

will never benefit either party

will benefit both parties

is socially destructive

will not occur under laissez faire

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Answer #1

As we all know that Adam Smith is considered to father of economics

He gives the ideas like wealth of nations, trade theories, theory of economic development etc

Laissez faire means the state of the country should not be under any restrictions, any type of business or individual because it hinders the pillars of extent of market division,labour etc

According to his trade based on self interest if there is freedom in the production and exchange of good in an economy like free trade then self-interest will benefit both the parties as compared to when there is high government regulations and watchdog

So the correct answer here is option B

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