goodencaleb
goodencaleb goodencaleb
  • 10-09-2022
  • Social Studies
contestada

Why is the concept of the invisible hand important in a capitalistic free market society like what we have in the U.S.?

Respuesta :

jaisurajk jaisurajk
  • 10-09-2022

Answer: By pursuing the profit motive, people provide goods that others want at a price they are willing to pay. The invisible hand allows the market to reach equilibrium without government or other interventions forcing it into unnatural patterns.

Explanation:

Answer Link

Otras preguntas

what is 3 times sqrt 18
write the following comparison as a ratio reduced to lowest terms. 85 minutes to 8 hours
Select the first five terms in the arithmetic sequence an = 4n, starting with n = 1.
2/3 of a some of money is 48p. What is 5/8 of the sum of money?
£9.00 is shared between Amanda, Anita and Claire in the ratio of 8:5:2 Amanda receives........ Anita receives........ Claire receives........
Design/draw any monster
You can put out a chip pan fire by putting a damp cloth over the pan. Explain why this works.
Is burning a chemical reaction or a physical change? Tick one box.chemical change                               physical changeAnd then, explain why you chose y
Solve 4/(x + 1) - 1/x = 1 over the real numbers.
What is the definition of rendezvous