Adam Smith
Adam's Smith's Invisible Hand of the Marketplace is the theory that economic imbalances are self-correcting, not requiring intervention by government so long as the equal rights of the individual are respected. The Invisible Hand of the Marketplace is also referred to as the principle of Spontaneous Order or the Laissez-Faire principle. The concept of spontaneous order was understood by Chinese philisophers such as Zhuangzi (369BC - 286BC) "Good order results spontaneously when things are let alone."
1. Law of nature 2. Principle of Invisible Hand 3. Racial Heritage 4. Climate Conditions 5. Challenge of Natural Environment
Adam Smith's guiding principle that free markets serve the greater good of society even though individuals act according to their own selfish interests is called the invisible hand.
Economic Spontaneous Order is the belief that economic imbalances are self correcting, not requiring intervention by government so long as the equal rights of the individual are respected. The principle of Spontaneous Order is also referred to as the Invisible Hand of the Marketplace or the Laissez-faire principle. The concept of spontaneous order was understood by Chinese philosophers such as Zhuangzi (369BC - 286BC) "Good order results spontaneously when things are let alone."
the principle of opposing government interference in economic affairs
Archimedes principle is what determines the buoyant force and pascal principle is when a force is applied to a confined fluid an increase in pressure is transmitted equally to all parts of the fluid . this relationship is known as pascal principle.
cost principle
Probability
speed
speed
speed
the correct answer is speed!
competitive exclusion principle
The principle of competitive exclusion states that two species cannot occupy the same niche. If they do occupy the same niche, competition for food, space and limited resources will occur. Too much competition will occur until the best-adapted species cause the disappearance of the other.
superposition
Function reflects structure and structure determines function
In the U.S.A, pronunciations are governed by usage: the principle is that how native speakers do say words is how uninformed speakers ought to say them.