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:
In 1870, the u.s. supreme court ruled in the cherokee tobacco case that
Answer:
A. Portugal
B. island of San Salvador
C. Spain
D. The Atlantic Ocean
E. Mediterranean Sea
F. The Cape of Good Hope
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