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.
<em>Answer:</em>
<em>A limited monarchy is a government in which a monarch acts as the head of state but has powers that are restricted by a constitution. In an absolute monarchy, the monarch has unchecked powers and acts as both head of state and head of government. Therefore, the main difference between a limited and absolute monarchy is the amount of power that the monarch has. Many countries that once had absolute monarchies have become limited monarchies.</em>
<em>Have a good day! </em>
After many years of conflict, the nation gained its independence on 11 November 1975, after the 1974 coup d'état in Lisbon, Portugal. Portugal's new leaders began a process of democratic change at home and acceptance of the independence of its former colonies.
Au revoir mon amour <3
