Question

Excerpt Help.

Answer 1

"As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labours to render the annual value of society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it."

Answer 2

What does it mean T_T

Answer 3

Like I know what it talks about. But I need to answer two questions prior to this reading.

Answer 4

1. What does Smith say is the goal of individuals? Use a quote from the passage to support your answer.
2. How does and individual advance the greater society? Use a quote from the passage to support your answer.

Answer 5

Well to sum it up its saying that buying from foreign trade other than buying american made products is all in self interest. So he is kina saying buy from our country to help make it better. Get it?

Answer 6

Ok I got it so it talks about the division of labor and industrialization and how these thing create great surpluses. But what is this goal of the individual that they talk about in the passage?

Answer 7

The goal my guess is to help out our own economy other than helping the economy of a foreign place.

Answer 8

Well I think that this is taking about Britain's industrialization period during 1776.

Answer 9

talking*

Answer 10

That could be the answer too.
It looks like its asking for more of an opinon than actual fact. On what YOU think. So, whatever answer you may give could be the right one.

Answer 11

OK well thanks for the help.