Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

It is not from the benevolence of the butcher, the brewer, of the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. The above statement is cited in support of which of the following options?

Options:

Free market economy

Socialist economy

Mixed economy

Communist Economy

Correct Answer:

Free market economy

Explanation:

The correct answer is option 1: Free market economy

The statement reflects the idea that individuals and businesses operate based on their own self-interest rather than benevolence. In free market economy, businessmen give priority to their self-interest (earning profits) over the welfare of society as a whole.