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zysi [14]
3 years ago
15

The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also s

imultaneously promotes the public or social interest is a description of:
Business
2 answers:
garik1379 [7]3 years ago
6 0
<span>The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promotes the public or social interest is a description of the invisible hand. The term invisible hand was used by Adam Smith a Scottish philosopher and economist in the 18th-century. The invisible hand refers to the unintended social benefits that came from an individuals self-interest actions. </span>
Lorico [155]3 years ago
4 0
That is known as the "invisible hand"
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Vertical integration is a strategy in which a company expands backwards into an industry that provides outputs for its products.
Masja [62]

Answer:

The correct answer is letter "B": making wire ropes and expanding to make the steel for the ropes.

Explanation:

Indian company Usha Martin Ltd. manufactures wires and steel to be traded worldwide. Usha Martin operations are centralized from is headquarters from where it designs, cuts, manufactures and distributes steel. The company acquires raw material on its own through coal mining to later be sent to its power plant where the mineral is produced until it is transformed for sale.

<em>By making wire ropes, expanding to steel ropes while having full control of all the production operations, Usha Martin is implementing a vertical integration.</em>

5 0
3 years ago
A goal taking which of these lengths of time to achieve is most likely to be a<br>long-term goal?​
Sladkaya [172]

Answer:

Yes

Explanation:

A long term goal can take months or even years to accomplish, instead a Short term goal can take days or weeks.

Hope that helps! :)

8 0
3 years ago
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defon

Time series analysis method forecast historical data and involves a panel of experts

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lesya [120]
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3 0
3 years ago
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faust18 [17]
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