Answer:
C. producers work together to increase prices
Explanation:
The concept of the invisible hand in economics was introduced by the classical economist Adam Smith, who is considered the father of economic liberalism. According to Smith, men have a natural selfish tendency and will seek to satisfy their own needs through trade in goods and services. Thus a positive effect of each man's selfish and individual attitudes will be felt in the economy. When everyone seeks their benefits, the wheel of economics spins. This is what Smith calls the invisible hand.
Consumers will demand goods and services according to their needs. Business owners, seeking to increase their wealth, will provide consumers with the most desired products. Consumers are rational and tend to buy goods from those they provide at a lower price.
Thus competition is a central element by which Smith justifies the invisible hand. The act of union of producers is considered a cartel, something contrary to the mechanisms of competition and therefore does not fit the metaphor of the invisible hand.
Answer:
Ancient Japan has made unique contributions to world culture which include the Shinto religion and its architecture, distinctive art objects such as haniwa figurines, the oldest pottery vessels in the world, the largest wooden buildings anywhere at their time of construction
Explanation:
The main purpose of the American government is to secure the blessings of liberty now and in the future, provide for the common defense in the United States and to from a more perfect union
Please be rightly informed that the purpose of American government is also to:
- Establish justice among the citizens
- To also provide common defense
- To also insure domestic tranquility
<h3>What is American government?</h3>
Government can be defined as a body that controls the political activities of a particular place at a given period of time
Below are some forms of government:
- Democracy
- Communism.
- Socialism.
- Oligarchy.
- Aristocracy.
- Monarchy.
- Theocracy.
- Colonialism
So therefore, the main purpose of the American government is to secure the blessings of liberty now and in the future, provide for the common defense in the United States and to from a more perfect union
Complete question:
What is the purpose of American government?
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