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qwelly [4]
1 year ago
15

Explain what Adam smith meant by “the invisible hand of the marketplace”

English
1 answer:
julsineya [31]1 year ago
6 0

What Adam Smith meant by "the invisible hand of the marketplace" is that there is no need for the government to interfere in the marketplace.

<h3>The invisible hand of the market place</h3>

Considered the father of modern economics, Adam Smith is the one who came up with the term "the invisible hand of the marketplace." What he means is that there is no need for the government to interfere in the marketplace. The economy of a nation has its own way - an invisible hand - to adjust itself. Regulation happens automatically as a balance between supply and demand is always sought by those who purchase and those who produce.

Therefore, we can conclude that the expression "the invisible hand of the marketplace" is simply a metaphor for this capacity of self-adjustment that the marketplace has. However, it is important to keep in mind that there are exceptions to this, and sometimes governments do need to interfere in the economy.

Learn more about the invisible hand of the marketplace here:

brainly.com/question/13996455

#SPJ1

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Who here reads the Bible if so tell me what Leviticus 11:5 says!
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Answer:

ou may eat any animal that has a split hoof completely divided and that chews the cud. ... And since you are to detest them, you must not eat their meat and you must detest their carcasses. Anything living in the water that does not have fins and scales is to be detestable to you.

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4 0
3 years ago
Which theme is related to the topic of kindness?
nikklg [1K]

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D.Being nice to people makes you happier.

Explanation:

Stay safe, stay healthy and blessed

Have a good day !

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2 years ago
Help quick please!!! <br><br> who are the characters in Amaterasu: The Japanese Sun Goddess
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5 0
3 years ago
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7 0
3 years ago
What does productive most likely mean?
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pro·duc·tive

/prəˈdəktiv/

  • achieving or producing a significant amount or result.

<em>sentence: "a long and productive career"</em>

<u>synonyms: advantageous , beneficial , constructive , dynamic , effective , energetic , profitable , prolific , rewarding , useful , valuable , vigorous , worthwhile , generative , fecund, gainful , inventive </u>

<u>antonyms: barren , disadvantageous , fruitless , hurting , idle, impotent , inactive , lethargic , unhelpful , unproductive , useless , valueless , weak , worthless , unfruitful</u>

<u />

the word productive often describes a person's capability to do a lot of work, but is can refer to anything that produces a lot. the land in your area might be the most productive in the state, meaning crops grow very well there. productive can be used more broadly to describe something that produces a positive result. for example, you might have a productive conversation with your mom about your college plans, or you might make a productive investment.

hope this helps :)

<em>-audrey <3</em>

3 0
3 years ago
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