Smith believed that such a quality of human nature as greed would encourage people to work more. If people work a lot, they will be able to earn more money and buy more things. At the same time, when people work hard, they are able to produce more goods and develop new industries, thus stimulating the economic activity of the country.
Why did Smith believe human nature caused capitalism to be naturally profitable for society?
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Academic.Tips. 2022. "Why did Smith believe human nature caused capitalism to be naturally profitable for society?" December 8, 2022. https://academic.tips/question/why-did-smith-believe-human-nature-caused-capitalism-to-be-naturally-profitable-for-society/.
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