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What else can I help you with?
The invisible hand is a major factor in which economic system?
market economy
2 The invisible hand is a major factor in which economic system?
market economy
What invisible hand regulates the free-market economy?
competition and self interest
The invisible hand is a major factor in what economic system?
Market Economy, no fear studyisland cheaters I got you :)
What is the principle idea that the invisible hand of competition sets prices and determines quantities produced in a market economy?
Adam Smith
The invisible hand is a major factor in which economic system?
market economy
2 The invisible hand is a major factor in which economic system?
market economy
What are good things about a market economy?
invisible hand, competition, no monopolies, etc
What ''invisible hand'' regulates the free market economy?
competition and self-interest
What invisible hand regulates the free-market economy?
competition and self interest
What did Adam Smith say the free market economy is regulated by?
It was self-regulated by the "invisible hand."
The invisible hand is a major factor in what economic system?
Market Economy, no fear studyisland cheaters I got you :)
What is the principle idea that the invisible hand of competition sets prices and determines quantities produced in a market economy?
Adam Smith
The invisible hand is .?
The mechanism that works in a free-market (the market we observe in the USA or UK) which equates supply and demand. This obviously doesn't always occur, but it is the "invisible hand" that we refer to.
Why is Adam Smith important?
Father of capitalism and the free market economy. Had the idea of the invisible hand leading the economy rather than the government. We currently have a system with minor government interference, to provide for police, fire,etc... things the free market does not address.
According to Adam smith the market was directed by which of these?
an invisible hand
According to Adam Smith the market was directed by?
an invisible hand.
