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:
The climate is hot and dry in Summer and in Winter, Spring and Fall it is cold.
Explanation:
Answer : Which was a main reason for creating the Articles of Confederation? to determine the power of states and the federal government. to have a tax system to generate money. to outline the role of individual citizens in government. to have a strong national government after the Revolutionary War.Aug 30, 2019
B. The Supreme Court can declare a state law.
The Constitution is the supreme law of the land giving the supreme court the power to declare a state law unconstitutional if it violates the constitution.
Answer:
B. within a country's borders by citizens and by nonminuscitizens minus the production abroad by the country's citizens
Explanation:
To justify the answer, I make a quotation from the bank of the republic of Colombia web page that provided the definition of GDP "The GDP is the total of goods and services produced in a country during a given period of time. it includes the production generated by nationals resident in the country and by foreigners resident in the country, and excludes the production of nationals resident abroad" the previous definition is exactly how GDP works.
