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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.

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<span>guatemalteco
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4 0
4 years ago
Countries such as china have increasing populations that are attaining a middle-class status. this has lead to
makvit [3.9K]
The answer for this question is: Decrease in environmental impact
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7 0
3 years ago
What does prime meridian mean
Kay [80]
 In order to describe how far east or west a place is, you have to know
where the measurements begins ... so you can say how far it is east
or west OF WHAT.

So around the time when it started to become common to take long
ocean voyages  far east or west of your home port, the major countries
in the world got together and agreed on where all east or west measurements
should start from ...  the place that everyone would call "zero".

THAT's the Prime Meridian.  It's an imaginary line on the Earth's surface
that joins the north and south pole.  That much doesn't tell you where it is
yet.  It could join the north and south pole and pass through Chicago, or
Jerusalem, or the kitchen in your house.  The thing that everyone had to
agree on was where the 'zero' line should pass through.  And the place
they agreed on was:  A groove in a metal plate in the floor of the King's
Royal Observatory in Greenwich, England.  (Pronounced GREN-itch.) 
To this day, that's the line that everybody begins their east or west
measurements from.  The angle on the Earth's surface from that line to
any location is called the east or west 'longitude' of that place.

On its way from the north pole to the south pole, the Prime Meridian
crosses parts of England, France, Spain, Algeria, Mali, Burkina Faso,
Togo, Ghana, and Antarctica.

Chicago is about 42 degrees West of the Prime Meridian, and New York
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And if you and your best friend stand on the Prime Meridian, and you go
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4 0
4 years ago
Lashley trained rats on a variety of mazes, then made deep cuts in their cortexes. he found that the cuts produced ____.
MAXImum [283]
Money ............ .....,.. z....
6 0
3 years ago
Sedres, Inc. is the manufacturer of the current best-selling TV video game system. Sedres will not sell parts for repair of the
Rainbow [258]

Answer: Option(A) is correct

Explanation:

Sherman Act is the act that describes restrictions on mechanism that do not permit happening of interstate commerce .It permits regulation of competition in market among companies.

According in to the question Sedres Inc. is restricting interstate commerce in terms of dealer as it is involved in working with authorized dealer,returning the parts if damaged,no usage of non-Sedres parts etc. which shows no interstate marketing mechanism.  

Other options are incorrect because policies of Sedres is not depicting actual quality control flow,validity due to restriction in entry and other companies were not present for manufacturing TV video games.Thus, the correct option is option(A).

6 0
3 years ago
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