Seattle, Spokane, Tacoma, Vancouver
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.
An income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund.
Kindra is exhibiting the phenomenon called <u>just right</u>.
<u>Explanation</u>:
- <u>“Just right” phenomenon</u> can be observed in behavior of the children who follow certain routines and foods. They were very much obsessed with what they need. They have some expectation on how the food should be arranged on their plate in specific way.
- The “Just right” phenomenon can be noticed in children with three years of age. But it decreases gradually with age.
- In the above scenario, Kindra wants her food from certain plate and specific cup which is meant for her. She always wants a folded napkin next to her plate while consuming food. She likely exhibits “Just right” phenomenon.
