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.
Georgia,
British artist Thomas Addison Richards painted River Plantation (1855-60) from sketches made in Georgia during his travels through the South in the 1840s. Oil on canvas (20 1/4" x 30").
River Plantation
uniquely situated among southern states on the eve of the Civil War (1861-65), played a vital part in the formation of the Confederacy. A geographic lynchpin that linked Atlantic seaboard and Deep South states, the "Empire State" was the second-largest state in area east of the Mississippi River (Virginia was larger until West Virginia broke away in 1861), and the second-largest Deep South state (only Texas was larger). In population, slave and free, Georgia was the largest in the Deep South. Both geographically and demographically, Georgia encompassed as much diversity as any other Confederate state, and these factors had an important impact on how the state experienced the war years and what it contributed to the Southern war effort.
Because food, materials, and money were being used for the war, so they had to even it out to spend it where they needed it most.
Answer:
The Great Schism came about due to a complex mix of religious disagreements and political conflicts. One of the many religious disagreements between the western (Roman) and eastern (Byzantine) branches of the church had to do with whether or not it was acceptable to use unleavened bread for the sacrament of communion.
Explanation:
Answer:
Magna Carta was issued in June 1215 and was the first document to put into writing the principle that the king and his government was not above the law It sought to prevent the king from exploiting his power and placed limits of royal authority by establishing law as a power in itself
Explanation:
