Economic Self-Interest

Economic self-interest refers to the motivation individuals and businesses have to make choices that they believe will benefit their financial well-being. This concept suggests that people act in ways that maximize their own economic gains, whether that's earning more money, saving costs, or creating value. It drives decisions in markets and influences behaviors in various contexts, such as investing, spending, and job seeking. While pursuing personal gains, economic self-interest can also lead to positive outcomes for society, as it encourages innovation, efficiency, and competition.