<span>This is, in fact, true. Smith believed that private individuals who were left free to seek out their own interests in a free market would eventually be led to further the public welfare by an invisible hand, this was his defense of free markets on the grounds of utilitarianism.</span>
Yes, Jerry is likely to qualify, since his yearly income is below the median annual income of New Mexico.
The statement that as a franchisee, Liam is guaranteed the right to retain all of his franchise's revenues and profits is false.
Franchisees usually pay a royalty to the franchisor - the party that gets <span>the right to market a product or service using the trademark or trade name of another business (franchisee)</span>. The royalty can be a share of the franchisee's revenues or a share of the franchisee's profits.
Demand means the consumers want the product or service. If there is a demand, companies must supply. "supply and demand"