1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maksim231197 [3]
3 years ago
14

Adam Smith theory of the invisible hand was and each element of the hand . Do you agree with theory or not ?

History
2 answers:
MArishka [77]3 years ago
7 0

Adam Smith implies with his theory of the invisible hand that each person moves selfishly within the economic area, however the individual riches also benefits the rest of the population.

I think the theory speaks of the trust that people deposit in moving within their own businesses, which is a good thing.

mestny [16]3 years ago
7 0

Yes,i agree with the Adam Smith theory if and only if government does not intervene in the economy :

  • The invisible hand which Adam Smith wrote about is really just a metaphor for a market economy.In such an economy, no one person or government entity really makes decisions about what will be produced.Adam Smith's basic philosophy was the philosophy of Laissez Faire Capitalism.
You might be interested in
How does the economy use its factors of production (land, labor, capital, and entrepreneurship) to facilitate economic growth?
STALIN [3.7K]
Economic growth can only be seen when there is an increase in quality and quantity of the factors of production so clearly it is a function of these factors. The purpose of economic organization – including all labor – is to create things that people value. Economic growth occurs when more and cheaper goods can be created. 
3 0
3 years ago
How did Hamilton Holmes and Charlayne Hunter contribute to the Civil Rights movement in Georgia?
Bas_tet [7]

the salzburgers in the cowboys did it im electroce


8 0
2 years ago
What city was made in the new england colonies?
Anvisha [2.4K]
Boston??? It twas the city of boston
8 0
3 years ago
What are some reasons for the start of world war 2
mojhsa [17]

Answer:

The major causes of World War II were numerous. They include the impact of the Treaty of Versailles following WWI, the worldwide economic depression, failure of appeasement, the rise of militarism in Germany and Japan, and the failure of the League of Nations.

6 0
2 years ago
Read 2 more answers
In Egypt, the rule by one family is known as a(n)
PtichkaEL [24]
<span>Egyptian rule was classified by dynasty, so your answer would be (c). For example, Cleopatra reigned during the Ptolemaic dynasty, while King Tut ruled during what is known as the Eighteenth Dynasty. The last dynasty was the Ptolemaic, ending with Cleopatra herself.</span>
4 0
3 years ago
Other questions:
  • Characteristics of the upper class and the slaves and the women in the Islamic world
    15·1 answer
  • Why is militarism important
    6·1 answer
  • The political era of american policing was characterized by ________.
    10·1 answer
  • Where was the first permanent U.S. settlement?
    13·1 answer
  • Which of these sentences are punctuated correctly:John announced, "The library is closing in five minutes."John announced "The l
    8·2 answers
  • What was the social atmosphere during the Great Depression
    9·1 answer
  • In 1991 the Soviet Union collapsed MAINLY because
    15·1 answer
  • The executive branch carries out the laws made by congress?
    8·2 answers
  • 1. Describe features of Renaissance Humanism
    8·1 answer
  • Bob bought the 24 fish for $51.36
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!