Adam Smith's basic ideas revolve around the concept of free markets and the invisible hand. He believed that individuals pursuing their own self-interest would unintentionally benefit society as a whole. This idea has shaped modern economic theory by influencing the development of capitalism and the belief in minimal government intervention in markets. Smith's ideas have also contributed to the understanding of how markets work and the importance of competition in driving economic growth.
market
market aPLUS
Market
Demand will always be greater than supply.
market xtine In short, the economic activities in the Philippines are both free of intervention and with government regulations. It may be regared as mixed economy.
market
market aPLUS
Market
The original founder of quantum theory was Max Plank. The basic theory has been improved upon many times but there hasn't been a 'Modern Quantum Theory' that replaces the old.
Demand will always be greater than supply.
Mercantilism.
mercantilism
mercantilism
market xtine In short, the economic activities in the Philippines are both free of intervention and with government regulations. It may be regared as mixed economy.
The original founder of quantum theory was Max Plank. The basic theory has been improved upon many times but there hasn't been a 'Modern Quantum Theory' that replaces the old.
For A+ : Socialism
which one of the following is not one of the basic economic question