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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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A project manager is estimating costs on her video game development project. She utilizes total costs from a similar project tha
Mumz [18]

Answer:

A) Analogous Estimation

Explanation:

Analogous Estimation is the process of comparing past costs and expenses of projects to make estimations for the current projects. This is usually used when there is data limitation for accurate estimations on the current projects.

Parametric is where a unit rate is devised to calculate project costs comprising of several units.

Bottom up estimation deals with estimating smaller cost components and then using the sum of these components to make larger estimates.

Option D is based on rough estimates on the time and effort required for a project.

None of the other options thus take into account past work other than the analogous estimation technique.

Hope that helps.

3 0
3 years ago
what was a primary purpose of the program being promoted by this poster? (7f) question 9 options: to encourage women to join the
AlekseyPX

The primary purpose of the program being promoted by this poster was:  "to increase the food supply during a farm-labor shortage" (Option D)

<h3>What is the purpose in literature?</h3>

The literary goal is to amuse and provide aesthetic delight. The emphasis of the literary aim is on the words themselves, as well as their conscious and planned arrangement to generate a pleasing or enriching impact. When employing the literary goal, a writer frequently displays a viewpoint.

Literature is a way of documenting, conserving, and conveying information and enjoyment, as well as providing a social, psychological, spiritual, or political function. As an art form, literature can also encompass works in nonfiction genres such as biography, diaries, memoir, correspondence, and essays.

Learn more about purpose:
brainly.com/question/14396227
#SPJ1

4 0
1 year ago
AK Inc. is paying 5% coupon rate for its bondholders over the next 8 years. Your required rate of return is 7 percent, how much
ratelena [41]

Answer: $880.57

Explanation:

Assuming Par value of bond is $1,000.

Value of bond = (Coupon * Present value interest factor of annuity, no. years, required return) + Par Value/ (1 + required return)^ no. of years

Coupon = 5% * 1,000 = $50

Value of bond = (50 * 5.9713) + 1,000 / (1 + 7%)⁸

= ‭298.565‬ + 582

= $880.57

6 0
3 years ago
The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as t
larisa [96]

Answer:

The CPA Practice Advisor

The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:

= 56%

Explanation:

a) Data and Calculations:

Population mean (preparation fee for 2017 federal income tax returns) = $273

Population standard deviation of preparation fees = $100

Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)

z = (x-μ)/σ

z = standard score

x = observed value

μ = mean of the sample

σ = standard deviation of the sample

Z = ($273 - $257)/$100

= 0.16

Using the z-table

P = 0.5636

6 0
2 years ago
The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the followi
Elanso [62]

Answer:

the Cash Received from Customers is $548,400

Explanation:

The computation of the cash amount received by the customers is as follows:

Cash Received from Customers is

= Sales + Decrease in Accounts Receivables

= $516,400 + $32,000

= $548,400

hence, the Cash Received from Customers is $548,400

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0
2 years ago
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