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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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Which of the following is likely to increase a country's gross domestic product (GDP)?
antiseptic1488 [7]

Answer: In macroeconomics, gross domestic product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a determined period, normally one year or quarterly.

GDP can be measured by adding up all the final demands for goods and services in a given period. In this case, the destination of the production is being quantified. There are four major areas of spending: household consumption (C), government consumption (G), investment in new capital (I) and the net results of foreign trade (exports-imports).

And it can also be measured by adding the income of all the factors that contribute to the production process, such as wages and salaries, commissions, rents, copyrights, fees, interests, profits, etc. The GDP is the result of the calculation by means of the payment to the factors of the production. All this, before deducting tax.

Thus the statements "b. An increase in Social Security expenses" as government expenses, "c. An increase in retirement and pension benefits to elderly citizens" as subsidies or transfers, and " d. An individual receiving an annual performance bonus of $5,000" as financial interest are likely to increase a country GDP.

3 0
3 years ago
Read 2 more answers
What is the quickest and most efficient way of getting your new employees connected to the intranet
Llana [10]

Answer:

Intranet Connectivity:

Explanation:

For smooth working in the office, whether it is small or big business, the most crucial element is connectivity to the company intranet. This is crucial for conducting the work in a smartest and effective way.  

The two type of intranet that company acquired is  

a) intranet provided by the third party  

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The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det
Neporo4naja [7]
<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure </h3>

Explanation:

A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.

The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.

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How do you apply force field analysis and brainstorming techniques to a complex business
cluponka [151]

Brainstorming is a technique for the decision making, it encourages arguments between the individuals but this sometimes result in conflicts and disagreements.

<h3 /><h3>What is decision making?</h3>

Decision making is the technique in which the decision is decided, according to the situation and after careful analysis of the environment decision is made.

Force Field technique is a decision making technique, in this technique the participants write the decision in the middle of the paper and list the forces that require and resisting changes.

Decision making techniques are important and should be used to make an effective decision, in a complex business it is difficult to apply the technique but it is also important to implement the technique.

Brainstorming is the technique in which all the participants sit together and share their ideas while some challenge the ideas and so a decision with an agreement is made.

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