<span>Adam Smith is the guru behind classical economics and his introduction of the 'invisible hand' concept. Basically, no one person is in control of the market and order is generated in the market without anyone intending this. e.g. Firms are in the market to make a profit, but to do this they need to provide goods and services that the market demands. Self-interest feeds the good of society in this way.
His thoughts are still valid in terms of the ways we think about economics, but classical economics can be argued to have died out in some respects. For example, one argument is that in this recession there should be no government intervention as the invisible hand will intervene, i.e. prices will fall due to decreased demand and the fall in prices will get consumers spending again. Keynesian economics, on the other hand would argue that there needs to be government intervention in order to stimulate aggregate demand and this is the approach most governments are taking, eg. Barack Obama's stimulus plan is an example of Keynesian economics.
So to answer your question, Adam Smith is very important to understand how the market functions, but some economists have debated some of his theories, as has always been the case in economics. I hope that answers your question.</span>
Answer:
No one gets paid
Explanation:
because they get money by there self
Daoism- An ancient Japanese technique that focuses on Meditation
During WWI, Wilson was the president that entered America into the war after the Zimmerman Telegram was intercepted by British spies working in the U.S. during the war, the economy flourished due to the need for so much war materials. This allowed for the economy to maintain stability that lasted into the great Roaring 20's.
Mark brainliest
The correct answer to this open question is the following.
You forgot to include the options for the question and further context or reference. However, we can comment on the following.
When looking at the nation's view on an issue, the step that explores how it works could be to determine how the policy might solve the issue.
This is an important part of the federal government of the United States, to create the kinds of solutions or legislation to overcome a problem, to face adversity, or increase the prosperity of the American people. The executive branch can have the incitative through its many departments, or it could be the US Congress through the House of Representatives or the Senate.
