Someone who is self-interested only performs actions for their own benefit and not for the benefit of others. This statement is:

The statement suggests that a self-interested individual acts solely for their own benefit, excluding any consideration for the benefit of others. However, this understanding of self-interest can be somewhat misleading. In economics, self-interest does not mean that individuals will never act in a way that benefits others; rather, it indicates that individuals often make decisions based on what they perceive to be beneficial for themselves.

Self-interest can align with the interests of others, such as when a business owner prioritizes customer satisfaction to ensure repeat business, or when individuals volunteer in their communities, gaining social recognition or personal fulfillment in return. Thus, self-interest can coexist with actions that contribute to the welfare of others. The nuances of self-interest in economic behavior highlight that while individuals often act in their own interest, these actions can and often do lead to broader societal benefits.