Answer:
C. producers work together to increase prices
Explanation:
The concept of the invisible hand in economics was introduced by the classical economist Adam Smith, who is considered the father of economic liberalism. According to Smith, men have a natural selfish tendency and will seek to satisfy their own needs through trade in goods and services. Thus a positive effect of each man's selfish and individual attitudes will be felt in the economy. When everyone seeks their benefits, the wheel of economics spins. This is what Smith calls the invisible hand.
Consumers will demand goods and services according to their needs. Business owners, seeking to increase their wealth, will provide consumers with the most desired products. Consumers are rational and tend to buy goods from those they provide at a lower price.
Thus competition is a central element by which Smith justifies the invisible hand. The act of union of producers is considered a cartel, something contrary to the mechanisms of competition and therefore does not fit the metaphor of the invisible hand.
Answer:
Caprock
Explanation:
Texas is divided into four regions. North central plains are a region of Texas which is largest region. There is a bed of rocks known as Caprock below the soil. Caprock prevents the flow of any water or oil from below and these does not reach the soil. These rocks are harder and more resistant type of rocks.
One way<span> that the genus </span>Australopithecus differed from apes<span> is that they had a less slanted forehead. </span>
Answer:
Make sure you start with a thesis end with a conclusion and indent on every paragraph
Explanation:
Answer:Some blamed the monarchy for their plight, for failing to protect the nobility and their property. Some members of the Second Estate were completely landless. They lived in cities or towns and relied on investments, royal pensions or sponsorship from other nobles.
Explanation:
