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
elena-s [515]
3 years ago
5

How does an invisible hand directing an individual's economic choices benefit society as a whole?

Social Studies
2 answers:
melomori [17]3 years ago
6 0

The term 'invisible hand' was first used by Adam Smith in the 18th century to describe the efficiency in the autoregulation of free markets, where free means not externaly intervened by governments. Intervention distorts markets and harms the efficiency of their functioning.

The main principle behind is that, when individuals pursue their "private" efforts they are generating larger wealth for society as a whole than if their first intention was to help society. The markets will be in charge of channelizing individuals interests into socialy desirable outcomes.


Taya2010 [7]3 years ago
3 0

An invisible hand directing an individual's economic choices benefit society as a whole because when individuals pursue their "private" efforts they are generating larger wealth for society as a whole than if their first intention was to help society.

You might be interested in
What is what is the name of the huge City at the Southeastern corner of new york?
CaHeK987 [17]
The answer is New York city
7 0
3 years ago
The key verse in 2 john states: "anyone who does not remain in christ's teaching but goes beyond it, does not have god. the one
anyanavicka [17]
<span>If one goes beyond Christs teachings, then one is not in tune with the Father or the Holy Spirit, as Christ, God and the Holy Spirit are the Holy Trinity. If one goes beyond the teachings or principles of one, then one has gone beyond the teachings of all three.</span>
7 0
3 years ago
As an individual ages, small sensory losses such as a decreased ability to hear nuances of emotion in speech _____. impair cogni
ANTONII [103]
As individual ages, small sensory losses such as a lessened ability to hear nuances of emotion in speech impair cognition. In addition, according to the DSM-5, the suitable term for brain diseases that affect the ability of a person to remember, analyze, plan, or act together with others is a neurocognitive disorder.
7 0
3 years ago
What were the three fronts of WW1
Vlada [557]

Explanation:

The majority of the fighting took place in Europe along two fronts: the western front and the eastern front. The western front was a long line of trenches that ran from the coast of Belgium to Switzerland. A lot of the fighting along this front took place in France and Belgium.

6 0
3 years ago
Read 2 more answers
What stage occurs before a red giant?<br><br>White Dwarf<br><br>Main sequence <br><br>Black dwarf
Musya8 [376]

White dwarf is the most common answer if you are thinking of the red giant as the entire time a star swells to more than its main sequence size. However, the stages of a star actually occur in this order.

4 0
3 years ago
Other questions:
  • True of false: informal social controls are operative within secondary groups only.
    14·2 answers
  • Washington was a better general than military strategist. his strength was not on the battlefield but his ability to keep the st
    7·1 answer
  • Help! please and thank you. what answer is and why?
    12·1 answer
  • ​which condition is characterized by a lack of back-and-forth imitation of gestures and facial expressions during infancy and de
    9·1 answer
  • Political parties are
    15·2 answers
  • PLZZZ HELP ME OUT THIS DUE TODAY AND SO STRESS OUT!!!! SEE 4 OF THESE IMAGES AND THEN ANSWER THEM.PLZZ HURRY!!!ALSO PLZ WHEN ANS
    6·1 answer
  • The population of desert tortoises in Targland’s Red Desert has declined, partly because they are captured for sale as pets and
    11·1 answer
  • How can people voluntarily get involved in government? **CHECK ALL THAT APPLY**
    8·1 answer
  • What feature did World War I, World War II, and the Cold War have in common?
    14·1 answer
  • Mary and Paul made a great deal of money recently by winning the lottery. They come from families of little education or money.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!