Part one of term paper
grew up in Scotland, which is home to David Hume, who is perhaps one of England’s greatest philosophers. Smith had a good childhood, he was raised with some money at hand, but he was certainly not rich. As far as his family goes, his father was a lawyer and held a public office in Scotland and his mother was a member of the Scottish Ge ...

Part two of term paper
... increasing one’s wealth measured in dollars and cents. It is a fact that individuals seek many goals, not just increased wealth. Therefore, the self-interest of the individual involves at the minimum goals relating to prestige, friendship, love, power, helping others, and many other things. In a successful market, the competition between businesses would create enough goods for everyone. Supply and demand for desired goods would determine which businesses would be successful. It would also de ...