Answer:
A. The invisible hand
Explanation:
CHECK THE COMPLETE QUESTION BELOW
A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality. what is this describing?
A. The invisible hand
B. Mixed economy
C. Laissez-faire
D. Private enterprise
The invisible hand can be regarded as a metaphor used in describing the unseen forces which is responsible for movement of the free market economy. With freedom of production as well as individual self-interest and consumption, we can fulfill best interest of society. This is a concept by Adam Smith. For instance, A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality, describe invisible hand.
Answer:
The industrial revolution
Explanation:
The industrial revolution which is also known as the first industrial revolution during the 18th century is referred to the transition of industries in a new advanced manufacturing process in the United States and Europe.
It is said in many research that the time of the industrial revolution is very harsh for workers and other labor category but it improves the standard of living of people of that time which is due to an increase in wages.
Answer:
The right option is (B)
Explanation:
There are various tools which are used to analyse data and to extract important information from them. Data mining tools are used vigorously to extract key elements from raw data and then to predict or forecast future results. Overall, the data mining tools are used in various fields such as economics, earth science, engineering, physics etc.
A sole proprietorship is the most common form of business organization.
