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29 July, 16:07

According to, self-interest and competition act as, guiding firms in a market-based economy. NextReset

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  1. 29 July, 16:08
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    According to Adam Smith, self-interest and competition act as an invisible hand, guiding firms in a market-based economy.

    Adam Smith was a famous economist who wrote quite a lot about the market and what should be done in order to improve it. He thought that competition and self-interest were important when it comes to a market-based economy because they make companies produce more.
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