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:
Monuments are statues, buildings, or other structures erected to commemorate a notable person or event.
Explanation:
Answer:
The U.S law will apply
Explanation:
In international trade like this, business operate under<u> the country of Origin rules. </u>This rules dictates that when dispute arises between two companies with different country of origin regarding a product or service, the law that will apply will be the law from <u>where the product or service is originated.</u>
Take a look at this sentence from the excerpt :
<em> Olivetone Inc., a Florida corporation, manufactures and sells suntan product</em>
Since we know that Olivetone is the one that manufacture the product, the product or service is originated from United States. This mean that their dispute will be regulated under the U.S law.
Answer:
A. Society
Explanation:
Society refers to shared values, attitudes, beliefs and practices that characterize a social group, organization institution.
One thing the speaker has in common with the lambs and the lambs creator is that all are participants in the reality that has been created on earth
