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Adam Smith is widely considered to have been the first person to describe capitalism as we know it today. In his The Wealth of Nations, he describes an "invisible hand" that will guide the nation's economy towards the greatest good for both producer and consumer without the interference of government.
What else can I help you with?
Which economic systems leaves production decisions completely up to the producers?
Free-market economy
What economic systems leaves production decisions completely up to the producers?
free-market economy
Which groups make up free market economy?
business owners and consumers
Which two key groups make up a free market economy?
household and firms
The free-market system has many advantages but there are also some drawbacks Which of the following is a negative feature of a free market economy?
Economic development is unpredictable and goes up and down.Economic development is unpredictable and goes up and down.
Who came up with the theory of matter?
Neils Bohr came up with the kinetic Theory of Matter, also known as: The Molecuar Theory of Matter, and The Bohr Model.
What were Darwin's contributions to the theory of evolution?
He came up with the theory.
Who came up with the theory of plates tectonics?
J.T Wilson was the one who came up with the theory of plate tectonics. Harry Hess came up with the theory of sea-floor spreading. Alfred Wegener came up with the theory of continental drift and Arthur Holmes proposed a suitable mechanism for this to occur (mantle convection).
Who came up with theory and how?
State which
Who came up with this theory?
jeans and jeffreys
Who came up with the cell theory and why?
Janeth came up with it because she saw what other didnt see
What did Democritu s do?
he came up with the theory of the atom
Who came up with the theory of Learned Helplessness?
Seligman
Who came up with the theory of space shuttle?
Jesus
Who came up with the continental theory?
Alfred Wagner
Who came up with the rainbow theory?
albert einstein?
Who came up with the continuous matter theory?
Aristotle
