Question:
Which of the following books explained that rational self-interest in a free- market economy leads to economic well-being?
Which of the following books explained that rational self-interest in a free- market economy leads to economic well-being?
Updated On: Nov 6, 2024
- The Division of Labour in Society
- The Market Wheel
- The Wealth of Nations
- Rulers, Townsmen and Bazaars; North Indian Society in the Age of British Expansion
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
”The Wealth of Nations,” written by Adam Smith in 1776, explains how individuals pursuing their own self-interest in a free market can lead to overall economic prosperity and well-being.
Was this answer helpful?
0
0
Top Questions on Arenas of Social Change
- Read the passage and answer the questions that follow:
Modernity spelled not merely new ideas but also rethinking and reinterpretation of tradition.Both culture and traditions are living entities. People learn them and in turn modify them.India’s structural and cultural diversity is self-evident. This diversity shapes the different ways that modernisation or westernisation, sanskritisation or secularisation effects or does not effect different groups of people. It is up to you to explore and identify the complex ways modernisation impacts people in different parts of the country or impacts different classes and castes in the same region. And even women and men from the same class or community.- CUET (UG) - 2024
- Sociology
- Arenas of Social Change
- Which of the following are the basic responsibilities of the media?
(A) Impartial reportage
(B) Protecting the interest of the masses
(C) Sensitive towards national interest
(D) Identifying sensational news items
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Sociology
- Arenas of Social Change
Questions Asked in CUET exam
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two pipes A and B can fill a tank in 32 minutes and 48 minutes respectively. If both the pipes are opened simultaneously, after how much time B should be turned off so that the tank is full in 20 minutes?
- CUET (UG) - 2024
- Time and Work
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- The spin-only magnetic moment of Hexacyanomanganate(II) ion is.........BM
- CUET (UG) - 2024
- Magnetic moment
View More Questions