Question

How is smith both praiseworthy and suspicious of businessmen's ability to serve the public good?

Answer 1

Adam Smith both praises and is suspicious of businessmen's ability to serve the public good. He recognizes their contribution to the economy through competition and market influence, but is skeptical of government regulation and subsidies that can harm consumers.

Step-by-step explanation:

Adam Smith is both praiseworthy and suspicious of businessmen's ability to serve the public good. He praises businessmen for their contribution to a healthy economy through competition and market influence. However, he is suspicious of government regulation, monopolies, and business subsidies as they can harm consumers by keeping prices artificially high. Smith believes that without government assistance, business enterprises would learn to operate more efficiently and reduce prices, or they would fail.

Answer 2

While a great many people imagine that Adam Smith's book, The Wealth of Nations is entirely expert business, it truly is definitely not. It is supportive of free undertaking and of rivalry between organizations, however it doesn't contend that specialists themselves will need to do what is best for society.
To Smith, specialists do profit society in imperative ways. In particular, they make society wealthier. They do this by collecting capital and putting it to use in the economy.