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
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

You might be interested in
Identify the preposition for the sentences in questions
Mashutka [201]
Preposition are words that indicate location. Location may be physical or in relation to time.

4. INTO
5. AT
6. IN
7. BUT

Conjunction are words used as joiners. It links words to words; phrases to phrases ; clauses to clauses.

Conjunctions are limited to FANBOYS. 
F- for ; A - and ; N - nor ; B - but ; O - or ; Y - yet ; S - so.

8. AND
9. SO
7 0
3 years ago
which sentence expresses information in the positive form: A. I'm neither on time nor prepared B. I prefer to arrive on time C.
Aleksandr [31]


The answer is B. I prefer to arrive on time.

The others use negative expressions A. neither and nor are both negative. C. don't is negative. and D. never is negative.

Hope this helps. :)

3 0
3 years ago
What is a spreadsheet application​
Setler79 [48]

Answer: A spreadsheet is a software program you use to easily perform mathematical calculations on statistical data and totaling long columns of numbers or determining percentages and averages. There are other spreadsheet software you can purchase, like Microsoft Excel.

Explanation:

6 0
2 years ago
Read 2 more answers
What is one way that Frink connects events throughout her diary? A. By presenting events in order of importance B. By repeating
Slav-nsk [51]

By repeating the amount of time she has spent away from home

6 0
2 years ago
Read 2 more answers
A social service agency hires Accenture to improve training and experiences for caseworkers. What is one way Accenture can use V
soldier1979 [14.2K]

One way Accenture can use Virtual Reality (VR) to improve the training experiences of the trainees is by converting most of the training into VR simulations where trainees can practice in real-time what they're taught.

<h3>What is Virtual Reality?</h3>

This is digital modeling and simulation that allows a person to interact with a three-dimensional prototype of a sensory environment.

  • It helps to fast-track proficiency
  • reduce the learning curve
  • increase safety etc.

See the link below for more about Virtual Reality:

brainly.com/question/26590103

brainly.com/question/17604332

6 0
2 years ago
Other questions:
  • Which line from William Blake's "The Tyger" contains the clearest example of symbolism?
    6·2 answers
  • Annie wanted three dogs, she will have to take care of them.
    7·2 answers
  • Why is being a social thinker important for the future? Give specific examples of when it will be critical to use social thinkin
    14·1 answer
  • What are qualities of guide horse?
    15·1 answer
  • This excerpt is from “The Poet” by Alfred, Lord Tennyson. The poem describes a poet's consciousness and perception. Which lines
    14·2 answers
  • "Inside the car it was quiet, the noise of the engine even and subdued, the air just the right temperature, the windows tight-fi
    5·1 answer
  • How did Sir Edmund Hillary's relationship with Sherpa Tenzing Norgay influence Hillary?​
    12·1 answer
  • Determine the main idea in the short story, The Tell-Tale-Heart. Use (2) evidence to support your response.
    8·1 answer
  • A flat tax will ensure that all Americans contributes their
    8·1 answer
  • Your friend has informed you that his or her uncle has decided not to look after him or her in school anymore latrite to your fr
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!