1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irga5000 [103]
2 years ago
11

The invisible hand refers to the Multiple Choice fact that the U.S. tax system redistributes income from rich to poor. fact that

government controls the functioning of the market system. tendency of monopolistic sellers to raise prices above competitive levels. notion that, under competition, decisions motivated by self-interest promote the social interest.
Business
1 answer:
oksian1 [2.3K]2 years ago
8 0

According to the theory of the invisible hand, when there is competition, self-interested decisions advance the society interests.

<h3>What is the invisible hand theory?</h3>

Adam Smith, a Scottish philosopher and economist, popularized the metaphor of the "invisible hand" to describe the processes by which positive social and economic consequences may result from the collective self-interested acts of individuals, none of whom intend to produce such outcomes.

<h3>How is Adam Smith's invisible hand idea still applicable today?</h3>

An important economic idea that is still relevant today is the invisible hand theory. It may provide insight into the operation of free markets and consumer behavior. Although the idea is significant, it is frequently applied in ways that are inconsistent with Smith's original text or out of context.

<h3>What exactly is the "invisible hand" and why is it significant?</h3>

The term "invisible hand" describes how an individual's self-interests help society as a whole. In other words, through pursuing the profit motive, individuals are required to offer commodities at a cost that others are prepared to pay. Society gains as a result since those goods might not have been created otherwise.

learn more about invisible hand theory here

<u>brainly.com/question/3078419</u>

#SPJ4

You might be interested in
PLEASE HELP ILL GIVE BRAINLIEST ANSWER
Rina8888 [55]
Warehousing & Distribution Center

Distribution management refers to the process of overseeing the movement of goods from supplier or manufacturer to point of sale. It is an overarching term that refers to numerous activities and processes such as packaging, inventory, warehousing, supply chain, and logistics.
4 0
2 years ago
John​ Smith, a factory worker at an automobile plant in the city​ Detrigan, makes​ $25 per hour. His​ dad, Larry Smith who retir
drek231 [11]

Answer:

The total number of hours worked by an average factory worker has fallen over the years

Explanation:

5 0
3 years ago
How is marketing a service different than for a product?
satela [25.4K]
The marketing of services differs from product marketing because of the four fundamental differences involved in services: services are intangible, inseparable, heterogeneous, and perishable
4 0
3 years ago
A___ warranty promises replacement or refund for defective products.
alukav5142 [94]

Answer:

A written warranty promises replacement or refund for defective products.

5 0
2 years ago
Which type of forms and others documents would you need in order to open a checking or banking account ?describe two examples
coldgirl [10]

answer:

The documents needed to open a bank account are:

1. identity document

2. document proving the address

5 0
3 years ago
Read 2 more answers
Other questions:
  • An early method of interrogation was ______, which included brutalizing an individual to gather information.
    14·1 answer
  • Powers drove a truck that his employer leased from Big Trucks. After Big repeatedly failed to respond to Powers' requests to fix
    12·1 answer
  • The ________ reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well
    7·1 answer
  • A marketing campaign to target business travelers includes two advertising buys. One buy cost $4,600 and yielded 220 leads. The
    6·1 answer
  • Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within a relevant range of
    5·1 answer
  • Prepare a cost estimate for the construction of a small, high quality, office building that contains 18,525 square feet of floor
    7·1 answer
  • ADDDDDDDDDDDDDDDDDDDDDDDDDDDDD MEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
    13·1 answer
  • create a persuasive email to Mrs. Jarrett and Mrs. Haynes about recruiting graduating seniors to come work for you this summer.
    14·1 answer
  • Please write the answer in the same blank format I provided
    5·1 answer
  • Consider an economy described by the combined solow and romer model. If this economy is on its balanced growth path when an exog
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!