Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:
Capitalist economy is driven by which among the following?
Options:
Collective interests
Societal interests
Individual self interests
Market interests
Correct Answer:
Individual self interests
Explanation:
Smith argued that the capitalist economy is driven by individual self-interest, and works best when individual buyers and sellers make rational decisions that serve their own interests.