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The act of decision-making, the invisible hand concept, and self-interest's role in economic decisions are key topics in social studies.
Decision-making is the act of selecting or making a decision when faced with multiple possibilities. In economics, the concept of the invisible hand, coined by economist Adam Smith, highlights how self-interested individuals unintentionally contribute to the greater good of society through their actions. While individuals may often act in their self-interest in economic decisions, they also engage in altruistic behaviors that benefit others.
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