answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Which group was least helped by Adam Smith's invisible hand?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What group was least helped by Adams smiths invisible hand?

(Apex) Working-class people employed by unregulated businesses.


In the 1950's what did television use to help spur economic growth?

It was advertising on television in the 1950s that helped spur economic growth. By 1970, 96 percent of American households had at least one television.


Who was free market Economist Adam Smith?

Adam Smith was an economist famous for his theories about the "invisible hand." His theory states that the "invisible hand" regulates the market bringing prices as close to the production costs as possible. A supply-demand graph would display that, in Adam Smith's outlay of the economy, prices are driven by the simple desire to make money by both parties as close as possible to the equilibrium price (the place where the two curves intersect). The consumer wants to spend the least amount of money, and competition drives businesses to offer their goods at prices consumers are willing to pay, which are often low but allow the suppliers to stay in business and make profits. This is, of course, for elastic and unitary goods. Inelastic goods are not regulated by the "invisible hand."


How do birth rates and death rates change as a country moves from a least developed or traditional economy to developing-nation status?

As a country makes the transition from a least developed economy to developing nation status the Birthrates and Death Rates will increase due to immigration and an increase in criminal activity. Hope it helped, this website is kinda worthless, you rarely get an answer and occasionally they are wrong.


How much is the least expensive property in monopoly?

both purple cost 60$ which is the least in the game