Question

Use the excerpt to answer the question.

"[The rich] consume little more than the poor, and in spite of their natural selfishness and rapacity...
they divide with the poor the produce of all their
improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species."
What economic system does the evidence

Answer 1

[AI-generated answer — Bot GPT 3.5]

The evidence supports the idea of a market economy guided by the invisible hand, as described by economist Adam Smith in his book "The Wealth of Nations." This system is based on the belief that individuals pursuing their own self-interest will unintentionally promote the overall welfare of society through the market mechanism of supply and demand.