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the invisible hand
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According to Adam smith the market was directed by what?
an invisible hand, which meant that the markets seem to regulate themselves and create their own equilibrium, today this is generally known as price and the law of supply and demand.
Why of the following best describes the 1929 event known as Black Tuesday?
The stock market crashed.
What is a market with declining stock prices known as?
It's known as a Bear market.
What is economic failure?
Economic failure, or most commonly known as market failure, happens when the services offered by the market are not efficient enough to sustain the demands of the population. Economic failure is often caused by non-competitive markets, public goods themselves, and principal-agent problems.
What describes a market with few large producers?
A market characterized by few large producers is known as an oligopoly. In this type of market structure, these few firms dominate the market, often leading to limited competition and higher barriers to entry for new entrants. The actions of one producer can significantly impact the others, resulting in interdependent pricing and output decisions. Examples include industries like telecommunications and automotive manufacturing.
According to Adam smith the market was directed by what?
an invisible hand, which meant that the markets seem to regulate themselves and create their own equilibrium, today this is generally known as price and the law of supply and demand.
Why of the following best describes the 1929 event known as Black Tuesday?
The stock market crashed.
Which type of animal warms themselves by absorbing sunlight?
Reptiles, such as snakes and lizards, are known to warm themselves by absorbing sunlight. They often bask in the sun to raise their body temperature and regulate their metabolism.
What animal lives in coco spit?
Coco spit is produced by the larvae of the spittlebug, which is an insect. The larvae cover themselves in a frothy substance to protect themselves from predators and regulate their temperature while feeding on plant sap.
A word that describes a noun is known as what?
A word that describes a noun is an adjective
What is the common market known as today?
The common market is known as the European Union.
What is a market with declining stock prices known as?
It's known as a Bear market.
What is the corporate bond market?
The bond market (also known as the credit, or fixed income market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds.
Which country's foreign market is known as 'Rembrandt Market'?
The Netherlands
What is the water cycle main definition?
The water cycle, also known as the hydrological cycle, describes the continuous movement of water on, above, and below the surface of the Earth. It involves processes such as evaporation, condensation, precipitation, and runoff, which regulate the distribution of water across the planet.
Market that is set up only on certain days of the week is known as a market?
Farmer's market
What is economic failure?
Economic failure, or most commonly known as market failure, happens when the services offered by the market are not efficient enough to sustain the demands of the population. Economic failure is often caused by non-competitive markets, public goods themselves, and principal-agent problems.
