The term 'invisible hand' was first used by Adam Smith in the 18th century to describe the efficiency in the autoregulation of free markets, where free means not externaly intervened by governments. Intervention distorts markets and harms the efficiency of their functioning.
The main principle behind is that, when individuals pursue their "private" efforts they are generating larger wealth for society as a whole than if their first intention was to help society. The markets will be in charge of channelizing individuals interests into socialy desirable outcomes.
<span>The Spanish response was brutal. I believe that this is right. Good luck!</span>
Answer:
One of the most common criticisms of Stanley Milgram’s studies of obedience is that the results of his experiment do not represent actual tendencies to obey the authority due to the participants of it probably knowing everything was okay, another example is that it has been considered in an unethical study in which he had lied to the respondents.
Explanation:
Answer:
The correct answer would be, 8 and 3. Howard Gardner believes people have 8 relatively independent kinds of intelligence, and that tradition IQ tests measures only 3 of them.
Explanation:
Howard Gardner is an American developmental psychologist. He was born in 1943 and is now at the age of 76. Howard's Theory of Multiple Intelligence gained a lot of fame. According to Howard, a person's full range of abilities and talents cannot be captured in just an Intellectual Capacity. Rather people have a lot more than this on the basis of which their intelligence can be measured.
In conventional IQ tests, a person's abilities are measured on the basis of his Practical, Analytical and Creative Intelligence, where as according to Howard, a person's abilities can be measured on the basis of many aspects like Musical-Rhythmic, Visual-Spatial, Verbal-Linguistic, Logical-Mathematical, Bodily-Kinesthetic, Interpersonal, Intrapersonal and Naturalistic.
