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storchak [24]
3 years ago
15

In The Wealth of Nations, Smith writes about an “invisible hand.” Which of the following best describes the “invisible hand”? A.

a guide that ensures that people produce the things that society needs B. the way in which government duties secretly increase the price of imported goods C. the process by which a single worker completes all stages in the manufacture of a product D. the thefts committed by workers in factories.
History
2 answers:
chubhunter [2.5K]3 years ago
6 0
In the Wealth of Nations, Smith writes about an "invisible hand." the best answer to describe this invisible hand is A) a guid that ensures that people produce the things that society needs. This idea was the basis for market capitalism.
Feliz [49]3 years ago
3 0

The answer is A: a guide that ensures that people produce the things that society needs.

The theory behind Smith´s “invisible hand” is that offer and demand (what is produced and what is needed, in rough terms) are correlated in as much as self-interest (what one can produce for one´s own benefits) is channeled towards the needs that a given social group may experience at a given moment. This is indeed the justification for any form of <em>laissez-faire </em>economic system which dictates that commerce (transactions between private parties) should not be interrupted by governmental intervention since offer and demand balance each other "naturally".  

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Answer:

The Caste system, specifically the untouchables within it, kept them limited in every aspect of society. They were given menial work that nobody wanted to do. They were harassed for being at the bottom and had no social status and economic status. They were illiterate and often had no education. They were unprotected and repressed by the caste system. They had no option to move up in the system like those of higher castes. The untouchables had little to no freedom and were often used as cheap labor. These people become the lowest of the low in India, and even though the Caste system no longer exists in India, people are still facing the repercussions of it.

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