Smith stated in his theory that the free market economy is Governed by "Invisible hand"
This stands in opposite argument of the free market economy which stated that the free market is governed by supply and demand
hope this helps
Answer:
"An agrarian society, or agricultural society, is any community whose economy is based on producing and maintaining crops and farmland. Another way to define an agrarian society is by seeing how much of a nation's total production is in agriculture."
Explanation:
https://en.wikipedia.org/wiki/Agrarian_society
Running away is considered a crime for people who are under 18.
Economic inequality is the unequal distribution of the incomes and opportunities within the socioeconomical groups. For example, in every urbanized city, you can see homeless people amd poverty just a few meters from the skyscrapers. It is a common problem today, and it concerns almost every government.
Answer:
The correct answer is option E.
Explanation:
Crowding out effect refers to the situation when an increase in the government spending causes investment spending to decline. When government increases spending it borrows fund. This causes an increase in the demand for loanable funds. As a result, the interest rate increases.
This increase in interest rate causes private investment to decline. this further causes a reduction in consumption.
