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Adam Smith's concepts, particularly the "invisible hand" and the importance of free markets, can illustrate my position by emphasizing how individual self-interest can lead to collective benefits. When individuals pursue their own economic interests, they inadvertently contribute to overall economic growth and efficiency. Additionally, Smith's notion of competition encourages innovation and better quality products, which ultimately serves the consumer. By aligning personal goals with broader societal outcomes, we can create a more prosperous and equitable society.

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3w ago

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