The term 'invisible hand' was first used by Adam Smith in the 18th century to describe the efficiency in the autoregulation of free markets, where free means not externaly intervened by governments. Intervention distorts markets and harms the efficiency of their functioning.
The main principle behind is that, when individuals pursue their "private" efforts they are generating larger wealth for society as a whole than if their first intention was to help society. The markets will be in charge of channelizing individuals interests into socialy desirable outcomes.
I googled the model, hope its similar to yours!
According to Von Thuen's model, the kind of agricultural activity that would lie closest to the city would be :
intense farming/dairy product ,
According to Piaget's term, the earliest stage of moral development is a broad form of moral thinking he calls heteronomous morality.
Answer: Phonology
Explanation:
Phonology is the study of how sounds perform in languages through stress, accent, intonation, the structure of the syllables within a language.
Lauren's ability to understand various sounds and speeches falls into the category of Phonology.
