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Alenkasestr [34]
2 years ago
7

The concept of the ______________ refers to the ideological belief that, if left to its own devices and kept free of government

interference, the marketplace will control and regulate itself and ensure prosperity for all:
Social Studies
1 answer:
Ratling [72]2 years ago
8 0

Answer:

The invisible hand

Explanation:

The invisible hand is a concept by Englishman Adam Smith as he argues that free markets are the main cause of welfare among the nations he observes as rich. He states that the decisions are taken under competition and the free market will be motivated by self-interest and will ultimately promote social interest . When industries and consumers and producers want to maximize their profits they will inevitably improve the society-s general well being.

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That is the correct answers because I went and looked that question that you had asked up on google and just typed in the answer that google had gave me in so that I could send it to you for your answer. So you are welcome. I hope that I had gave you the correct answer. Please let me know if I had gave you the incorrect answer okay?

Please give me a rating if you think I had gave you the correct answer. I will let you know how many points I am giving out to people all right?

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