Answer:
C. producers work together to increase prices
Explanation:
The concept of the invisible hand in economics was introduced by the classical economist Adam Smith, who is considered the father of economic liberalism. According to Smith, men have a natural selfish tendency and will seek to satisfy their own needs through trade in goods and services. Thus a positive effect of each man's selfish and individual attitudes will be felt in the economy. When everyone seeks their benefits, the wheel of economics spins. This is what Smith calls the invisible hand.
Consumers will demand goods and services according to their needs. Business owners, seeking to increase their wealth, will provide consumers with the most desired products. Consumers are rational and tend to buy goods from those they provide at a lower price.
Thus competition is a central element by which Smith justifies the invisible hand. The act of union of producers is considered a cartel, something contrary to the mechanisms of competition and therefore does not fit the metaphor of the invisible hand.
Answer:
yes
Explanation:
is the anti slavery society worked with the colizeation society then they could support each other and spread there followers and raise funds to keep the organizations going.
watch this anime for fun: junio romantica
Basically, hamilton plans a financial system that made America has the best credit risk in the world.
This will heavily favor the north because most of the capital in United states are located on the north
Hold on give me a minute then I can help
Answer:
While George III did not respond to the Olive Branch Petition, he did react to the petition by declaring his own Proclamation of Rebellion. This document, issued August 23, 1775, declared certain elements of the American colonies in a state of “open and avowed rebellion”.
Explanation:
