Adam Smith used the “invisible hand” as a metaphor

Social Studies

2 answers:

kiruha [24]2 years ago

5 0

The correct answer to this open question is the following.

Adam Smith used the “invisible hand” as a metaphor for the forces that balance a free market. What might be a good metaphor for the forces at work in a command economy is "the state's shadow."

In a command economy, the opposite of a free-market economy, the state is the one that exerts total control of the economy. It is the "shadow of the state" that decides what to produce when to produce, the amount of production, and the price of the products. Workers receive low wages and have no extra incentives to produce more.

Shtirlitz [24]2 years ago

4 0

The strong hand because some jobs need strength

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