For many years, Senator Juliana Higdon has called for more government regulation of business. "After all," the senator said recently, "businesses are out to make a profit, not to create jobs or serve their customers. The government needs to pass more laws to require businesses to take the interests of consumers and workers into account." From these comments, it is clear that Senator Higdon

Question

Kade Molina

Business

8 December, 15:49

For many years, Senator Juliana Higdon has called for more government regulation of business. "After all," the senator said recently, "businesses are out to make a profit, not to create jobs or serve their customers. The government needs to pass more laws to require businesses to take the interests of consumers and workers into account." From these comments, it is clear that Senator Higdon

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Angela Cooke · Answer 1

From these comments, it is clear that Senator Higdon does not accept the "invisible hand" idea brought forth by Adam Smith.

Explanation:

Senator Jimmy Higdon is himself a businessman by profession and bears immense knowledge of the market and its functioning. The ideology that Senator Higdon seems to believe in is that of apparent factors that run the business and cause it to earn profit which eventually culminates in the fulfillment of other activities associated with the business.