According to Adam Smith's invisible hand.

A. people coordinate their activities, resulting in equilibrium in the market.

B. forces are constantly pushing markets out of equilibrium

C. there is an invisible glove that restricts what markets can do.

D. markets need the government to intervene. t

Question

Duncan Washington

Business

29 March, 20:49

According to Adam Smith's invisible hand.

A. people coordinate their activities, resulting in equilibrium in the market.

B. forces are constantly pushing markets out of equilibrium

C. there is an invisible glove that restricts what markets can do.

D. markets need the government to intervene. t

+5

Answers (1)

Know the Answer?

Ella Duke · Answer 1

A. People coordinate their activities, resulting in equilibrium in the market.

Explanation:

Adam Smith - a proponent of Capitalist Economy 'Laissez Faire' i. e free markets proposed that:

Un-intervened (by govt) Markets guided by self interest create more wealth & over all socio economic welfare. Any disequilibrium will be sorted by undisturbed market forces, any government intervention is distortionary.

According to Adam Smith's invisible hand.A. people coordinate their activities, resulting in equilibrium in the market.B. forces are constantly pushing markets out of equilibriumC. there is an invisible glove that restricts what markets can do.D. markets need the government to intervene. t

According to Adam Smith's invisible hand.

A. people coordinate their activities, resulting in equilibrium in the market.

B. forces are constantly pushing markets out of equilibrium

C. there is an invisible glove that restricts what markets can do.

D. markets need the government to intervene. t