DeadShot
  • DeadShot
"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.
Economics - Financial Markets
jamiebookeater
  • jamiebookeater
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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DeadShot
  • DeadShot
The butcher, the baker, and the brewer all want repeat business. If you are happy, you will return, and spend more money. thus, the butcher sells you good meat so you will come back tomorrow and buy another roast. It is in his best interest. If he sells you rotten meat, and you get sick and die, he cannot sell to you again.

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