Answer: Adam Smith described the opposing, but complementary forces of self-interest and competition as the invisible hand. While producers and consumers are not acting with the intent of serving the needs of others or society, they do. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. 1
Explanation:
The roles of Nobles, Lesser Nobles and Peasant Nobles can be traced to ancient Feudalism.
<h3>Who were The Nobles?</h3>
The nobles were awarded or leased land, called fiefs or fiefdoms, from the king whom they swore their loyalty to. Those who received the fiefs were called the king's vassals. The king was the vassal's lord. The vassals served him by providing him with armies and knights for protection.
<h3>Who were the Lesser Nobles</h3>
In ancient Feudalism the lesser Nobles were the knights who gave military service in return for land. The Knights served as the highest order of military service closest to the King in terms of security.
<h3>Who were Peasant Nobles</h3>
The peasant Nobles leased lands from the lesser Nobles. They were of the lower class although the had a little bit of authority.
Learn more about Feudalism at brainly.com/question/4141227
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<span>1) command economies; 2) market economies and 3) traditional economies</span>
Details please, what are they
