Answer: Adam Smith described the opposing, but complementary forces of self-interest and competition as the invisible hand. While producers and consumers are not acting with the intent of serving the needs of others or society, they do. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. 1
Explanation:
Slaves did not experience things politically, socially or economically because they were slaves, who couldn't vote, leave their owners or have a real job.
Hope this helps!
they were very violet during the time of the mongolian empire , they took over land constantly
Hello,
Your question states:
What is one of the defining characteristics of the modern era?
Your answer would be:
conomies around the world have become more interconnected because of globalization.
Your explanation/reasoning:
Economics are very important during this time because it was most of power and money and the weak were destroyed.
