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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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Answer:

a professional organization

Explanation:

A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.

A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.

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A) If Haiti’s per capita GDP of roughly $810 were to DOUBLE every decade, what would Haiti’s per capita GDP be in 50 years?
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A. Since Haiti’s GDP doubles every decade (10 years), therefore after 50 years (5 decades) it would be:

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