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History, 27.10.2021 19:30 zivicion

You have just read about one of the great economists of all time, Adam Smith. In his famous publication The Wealth of Nations, Smith makes the following statement: "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." In one well-developed paragraph, explain this statement from an economist’s perspective.

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