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3241004551 [841]
3 years ago
12

What are the forces that together comprise the invisible hand?

Business
2 answers:
nalin [4]3 years ago
7 0
The answer to the question asked  above are <span> self-interest, competition, and supply and demand, it was noted for having the capaility of allocating resources in society.</span>


Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.
Natasha2012 [34]3 years ago
4 0

Answer:

The invisible hand is the metaphor used by the moral philosopher and economist Adam Smith of the social mechanism he theorized that, in the free market, the pursuit of individual self-interest serves the common good, that is, people act as if guided by an "invisible hand".

The invisible hand mechanism requires a few criteria: price, efficiency, market and greed. An individual does high quality work efficiently, resulting in a good and cheap product. He may sell it on the market at a price acceptable to all parties. The buyer receives the commodity they need and the seller / producer receives compensation for their work. In the store, everyone gets what they want.

Before the Enlightenment, pursuing one's own self-interest was considered contrary to the common good. According to Adam Smith, "it is the self-interest of individuals that enables the division of labor to function." In addition, Smith stated that people's aspirations to promote their own economic interests in the best possible way have positive consequences for society as a whole. To this phenomenon, Smith invented the name invisible hand.

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Give the human resource and it law​
Maslowich

Human resources (HR) professionals are responsible for strategically managing employees within an organization while remaining compliant with laws that govern employee rights and employer obligations. If an organization violates these complex and ever-changing regulations, it exposes itself to risk, including lawsuits, financial losses, and reputation damage.

Since non-compliance can result in such serious consequences, there is a strong demand for industry workers who possess knowledge of HR laws and common legal issues in the workplace.

6 0
2 years ago
The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month
Roman55 [17]

The rent that the manager should charge to maximize revenue will be $2,000.

In business, a rent is known as the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space.

Initially, to find revenue by coming up we can calculate with an equation below:

Revenue = Price × Revenue

Where, price = 1000 + 20x

Quantity = 150 - x

R(x) = (1000+20x) (150-x)

R(x) = 150000 - 1000x + 3000x - 20x²

R(x) = - 20x² + 2000x + 150000

To maximize the revenue, we calculate the derivative and set it to zero:

R(x) = - 20x² + 2000x + 150000

R(x) = -40x + 2000

-40x + 2000 = 0

40x = 2000

x = 50

After we find the amount of X, thus we determine the rent that the manager should  charge to maximize revenue

Price=$1000+20x

Price=$1000+20(50)

Price=$1,000 + 1,000

Price = $2,000

Learn more about the rent at brainly.com/question/2254034

#SPJ4

5 0
1 year ago
Whick of the following terms applies to the way that society as a wholr earns and spends money?
VikaD [51]
It's impossible to choose a correct option as you've not attached any of it. Anyway I think that you mean the term which is called <span>APPROVED BUDGET.</span>
8 0
3 years ago
Workers in europe get approximately ______ weeks of vacation a year, whereas workers in the united states average approximately
kupik [55]
In Europe, here are 22 paid vacation days and 13 paid when on holidays. Summing up, that could be a total of 4 weeks of vacation. While on the other hand, the United States as only 16 vacation days, both paid and unpaid, and that could be a total of around 2 weeks of vacation only.
5 0
3 years ago
Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250).
Yanka [14]

Answer:

Ending Inventory  $ 64,000

Explanation:

To define the final inventory of the company it's necessary to find the cost of good of the period.  

As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.  

Total Sales Revenue had to be the net value after returns and discounts as it's detailed.  

Income Statement  

Sales revenue        $ 300,000  

Cost of goods sold  -$ 171,000  

Gross Profit            $ 129,000 43%

Beginning Inventory  $ 60,000

Purchases                  $ 175,000

Cost of goods sold  -$ 171,000

Ending Inventory    $ 64,000

7 0
3 years ago
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