Question

select the correct answer.
mark is an excellent cook. he does not have any formal training but learned to cook by following the recipes of several famous chefs and his mom. every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. which of adam smith’s ideas made mark think of starting a restaurant?
a. invisible hand
b. self - interest
c. competition
d. laissez - faire

Explanation:

Adam Smith's concept of self - interest refers to individuals acting in a way that they believe will benefit themselves. Mark wants to start a restaurant because he thinks he will be successful and become wealthy, which is an action driven by his self - interest. The "invisible hand" is about how self - interested actions can lead to societal benefits, competition is about firms vying for customers, and "laissez - faire" is about minimal government intervention, none of which directly relate to Mark's motivation of personal gain from starting a restaurant.

Answer:

B. self - interest