Question
Sociology Question on Arenas of Social Change
Which of the following books explained that rational self-interest in a free- market economy leads to economic well-being?
A
The Division of Labour in Society
B
The Market Wheel
C
The Wealth of Nations
D
Rulers, Townsmen and Bazaars; North Indian Society in the Age of British Expansion
Answer
The Wealth of Nations
Explanation
Solution
”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.