False, due to quite a few things that I don't wish to explain here. However, waste rarely ever stays in one place in any situation.
Answer: Adam Smith described the opposing, but complementary forces of self-interest and competition as the invisible hand. While producers and consumers are not acting with the intent of serving the needs of others or society, they do. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. 1
Explanation:
The CPI is important for determining the changes in the prices paid by a urban consumers on a wide range of consumer goods. It gives a good sense of the fluctuation in pricing over a period of time.
