All categories

2 years ago

The first economist to describe the process that turns self-directed gain into social and economic benefits for all was.

1 answer:

4 0

The first economist to describe the process that turns self-directed gain into social and economic benefits for all was Adam Smith.

Adam Smith was a Scottish philosopher and is widely regarded as the first modern economist. Smith defined economics as "the search for the nature and causes of national wealth."

In 1751, the Neapolitan philosopher Ferdinando Galliani published an almost exhaustive treatise on money entitled De la Moneta (On Money), twenty-five years before Adam Smith's Wealth of Nations.

The central economist thesis of Smith's Wealth of Nations is that our need to realize our individual self-interest leads to social gain. He called the force behind this accomplishment the invisible hand.

Learn more about economists at

brainly.com/question/17996535

#SPJ4

You might be interested in

Your boss has asked you to pick up one of the employees traveling in from New Delhi, India at the airport. How should you greet

Marysya12 [62]

Hindus fold their hands in the namaste greeting and touch their forehead as a sign of respect. To perform a proper namaste, one should hold his or her palms together, with the fingertips at chin, level and nod rather than bow and say " Namaste." " Namaste" literally means "I bow to thee” or “I honor the godhead within.” The gesture is a sign of respect and is used by men and women when meeting members of the same or opposite sex. It is similar to praying gesture performed before an image of a deity at a temple. [Source: The Traveler's Guide to European Customs & Manners by Elizabeth Devine and Nancy L. Braganti. International etiquette expert: Mary Kay Metcalf of Creative Marketing Alliance in New Jersey.

3 0

4 years ago

Assume the following: Pre-tax return = 14.5% Tax rate = 25% Inflation rate = 4% What is your real return?

Colt1911 [192]

Answer:

6.875%

Explanation:

In order to compute the real return, first, we have to determine the after-tax return which is shown below:

After-tax return = Pre-tax return - tax rate of Pre-tax return

= 14.5% - 25% × 14.5%

= 14.5% - 3.625%

= 10.875%

And, the inflation rate is 4%

So, the real return would be

= 10.875% - 4%

= 6.875%

3 0

3 years ago

Which organization does not provide free or loss cost training and counseling associated with the Small Business Association

xeze [42]

The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.

<h3>What is Small Business Association?</h3>

A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc

SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc

Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD

Therefore, the Option A is correct.

Read more about Small Business Association

<em>brainly.com/question/2072884</em>

6 0

3 years ago

Cinder Company had the following department information for the month: Total materials costs $ 60,000 Equivalent units of materi

solong [7]

Answer:

The total manufacturing cost per unit is $10.50

Explanation:

Material cost per unit = Total material cost / Equivalent units of Material cost

Material cost per unit = $60,000 / 10,000 = $6 per unit

Conversion cost per unit = Total Conversion cost / Equivalent units of conversion cost

Conversion cost per unit = $90,000 / 20,000 = $4.5 per unit

Total Manufacturing cost = $6 + $4.50 = $10.50 per unit

3 0

3 years ago

Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $

VLD [36.1K]

Answer:

Chiquita makes an economic profit of $250,000.

5 0

3 years ago