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.
Answer:
you ran 30 miles in 1 hour and 30 minutes
Explanation:
One situation where you may make a different purchasing decision with a limited budget is snacks.
With a limited budget you may only purchase a small bag of potato chips. If you had a larger budget you would have purchased a can of Pringles potato chips and a drink. Your limited budget resulted in a smaller purchase than you would have made with a higher budget.
Answer:
i think that there is too much income equality, woman get paid less.
Explanation:
