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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.
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Answer: The Founding of the Colonies: One thing to keep in mind is that many of the American colonies were first founded by people trying to escape religious persecution in England. As the British government became more involved in the affairs of colonies, people began to worry that they would once again lose their freedoms.

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Taxes, Laws, and More Taxes: Prior to 1764, the British government had pretty much left the colonists alone to govern themselves. In 1764, they began to impose new laws and taxes. They implemented a number of laws including the Sugar Act, Currency Act, Quartering Act, and the Stamp Act. The colonists were not happy with the new taxes. They said they should not have to pay British taxes because they had no representatives in the British Parliament. Their motto became "No Taxation Without Representation."

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