Question

Daniel has decided to open his own bakery using locally sourced ingredients and supplies. He provides income and jobs to local suppliers. He also provides his community with a place to buy delicious baked goods. This is an example of:_________
a) the invisible hand
b) a command economy
c) market failure.
d) a recession

Answer 1

Answer:

a) the invisible hand

Explanation:

Invisible hand describes the self- regulating nature of the marketplace and capable of being allocating resources in society.