Answer:
The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest.
Explanation:
The author of your text states that the most age-segregated social institution in our society is a four-year college.
Even as changing demographics make this educational paradigm outmoded, universities are among the most age-segregated social institution, catering mostly to young people in their late teens and early 20s. Social Institutions are structured patterns of ideas and behavior that are oriented on fundamental social needs.
Social Institutions are interconnected systems of social roles and social norms that are established to fulfill a vital social need or social function. That was all altered by the Industrial Revolution. The young and the old could not work in factories because they were too risky; only people in their middle years did so. Pediatrics and gerontology are emerging fields in healthcare. People started to gradually separate by age.
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Answer:
Who do you have the most conflict with right now? Your answer to this question probably depends on the various contexts in your life. If you still live at home with a parent or parents, you may have daily conflicts with your family as you try to balance your autonomy, or desire for independence, with the practicalities of living under your family’s roof. If you’ve recently moved away to go to college, you may be negotiating roommate conflicts as you adjust to living with someone you may not know at all. You probably also have experiences managing conflict in romantic relationships and in the workplace. So think back and ask yourself, “How well do I handle conflict?” As with all areas of communication, we can improve if we have the background knowledge to identify relevant communication phenomena and the motivation to reflect on and enhance our communication skills.
Explanation:
The supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people.
<h3>What is loan?</h3>
Loan refers to the lending of money by one or more individuals or an organization to another. It is a sum of money that one borrow from a financial institution, usually a bank or credit union for business or personal purposes.
The supervision of the functioning of formal sources of loans is necessary to check whether the banks actually maintain the cash balance. Also, the banks should follow the right procedures of borrowing and lending money.
Hence, the supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people.
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