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meriva
4 years ago
10

Audrey is debating the superiority of a market economy with her friend Bill. Audrey supports her argument in favor of a market e

conomic system with Adam Smith's concept of the invisible hand. How might Bill effectively respond to Audrey in defense of a mixed economic system? Use the following questions to form a complete argument. a) Explain Adam Smith's concept of the invisible hand as it relates to market economies.
Business
1 answer:
Gelneren [198K]4 years ago
4 0

Adam Smith's invisible hand theory is the concept that in a market where people are free to buy and sell as they please, buyers will buy goods that sellers offer at prices that work for all parties.

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