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.
Answer:
<em>All citizens of a country are guaranteed the </em><em>samer</em><em> </em><em>rights</em><em>.</em><em><u>True</u></em>
Explanation:
<em><u>All citizens are equal before the law, and they shall enjoy the same rights and be subject to the same duties, regardless of colour, race, sex, ethnic origin, place of birth, religion, level of education, social position, the marital status of their parents, their profession or their political preference.</u></em>
Although President George Bush's 1992 re-election had initially seemed a foregone conclusion after the success of the Gulf War, the 1990 economic recession altered the perceptions of many Americans about him. He subsequently lost the election to the Democratic candidate Bill Clinton.
