“Human competition” according to “Adam Smith” is brought about by “selfish interests”. “Adam Smith” made this extremely clear when he said that “the free decentralized action of economic agents in a system of competition and private property brings advantages for each of them…each one moved by his selfish interest”. Interestingly, this is an unconscious thought of an individual according to “Adam Smith”. Causes of Human Competition According to Adam Smith “Adam Smith,” said that competition was actually brought about by an individual’s pursuit of a better life. People constantly find ways to reach their objectives not only to satisfy their own selfish interests but to enhance one’s personal condition as well.
Consequences of Human Competition According to Adam Smith What’s good about the unconscious desire of man to….