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Explain how Adam Smith describes the market economy and the role of consumers, producers, and workers.

Answers

Answer 1

Answer: Adam Smith described the opposing, but complementary forces of self-interest and competition as the invisible hand. While producers and consumers are not acting with the intent of serving the needs of others or society, they do. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. 1

Explanation:

Answer 2

Answer: Here is another version of the other persons answer.

Explanation:

Adam Smith coined the term "invisible hand" to refer to the opposing but complementary forces of self-interest and competition. Despite not acting with the intention of meeting the needs of others or society, producers and consumers do. Smith was a strong advocate of laissez-faire economic principles and opposed mercantilism. He once advanced the concept of the "invisible hand," which describes how free markets have a propensity to self-regulate through competition, supply and demand, and self-interest.


Related Questions

Paragraph of causes of February revolition

Answers

However, the immediate cause of the February Revolution–the first phase of the Russian Revolution of 1917–was Russia's disastrous involvement in World War I. Several factories elected deputies to the Petrograd Soviet, or “council,” of workers' committees, following the model devised during the Revolution of 1905

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However, the immediate cause of the February Revolution–the first phase of the Russian Revolution of 1917–was Russia's disastrous involvement in World War I. ... Several factories elected deputies to the Petrograd Soviet, or “council,” of workers' committees, following the model devised during the Revolution of 1905.

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What was the "Holy Place" Ibn al-Athir was referring to?

Answers

Church

Ibn al-Athir was refering the Holy place as church or as God

what did the radicals in the French Revolution support

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Answer:

The French Revolution was a watershed event in modern European history that began in 1789 and ended in the late 1790s with the ascent of Napoleon Bonaparte. During this period, French citizens razed and redesigned their country’s political landscape, uprooting centuries-old institutions such as absolute monarchy and the feudal system. The upheaval was caused by widespread discontent with the French monarchy and the poor economic policies of King Louis XVI, who met his death by guillotine, as did his wife Marie Antoinette. Although it failed to achieve all of its goals and at times degenerated into a chaotic bloodbath, the French Revolution played a critical role in shaping modern nations by showing the world the power inherent in the will of the people.

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Put them in order please. They need to be in order of events.

Answers

Picture is solid white for me.

Answer:

Romen empire weakened

Romen empire falls

last, is Justinian became emperor

and constauction of constantinople began

Explanation:

so first the Romen empire was weakened then it fell and the byzantines came up after the Romens and Constantinople was thier capital so the order would be

Romen empire weakened

Romen empire falls

last, is Justinian became emperor

and constauction of constantinople began

I got some info from this site

https://en.wikipedia.org/wiki/List_of_Byzantine_emperors#:~:text=Traditionally%2C%20the%20line%20of%20Byzantine%20emperors%20is%20held,by%20the%20later%20emperors%20as%20the%20model%20ruler.

Cause
Unemployment and poverty
Cause:

Effect
Farm prices sank

Answers

Sure farm prices are

What is anti-Semitism? What did the Nazis blame on the Jews?​

Answers

Answer:

anti-Semitism means hostility and/or prejudice or hatred towards Jewish people. And the Nazis blames the Jews for "losing the war"

Explanation:

Good thing I'm learning about this right now

Identify whether these Amendments to the U.S. Constitution changed the structure of the Federal government, altered the personal rights of citizens,
or expanded voting rights.

ITEM BANK: Move to Bottom
18th Amendment
19th Amendment
21st Amendment
22nd Amendment
24th Amendment
25th Amendment
26th Amendment
27th Amendment

Government Structure
Personal Rights
Voting Rights

Answers

Answer:

I am pretty sure its the 19th

Explanation:

Because..The 19th Amendment gave women the right to vote.

Why did U.S. intervention in the Middle East escalate?

Answers

Answer:

Explanation:

The first proxy war started with the Iran/Iraq war (1980-1988) and Saudi Arabia started to reinforce Iraq to help build them up. In 2003 Iraq became the home of another proxy war between the two when the United States invaded Iraq and overthrew Saddam Hussein.

What statement best describes the rule of Japanese emperors?
A
Japanese emperors controlled the central government, local government and the
military.
B
Japanese emperors picked the daiymo and the shogun, and rented land to
peasants.
с
Japanese emperors were the heads of the central government but their power
was limited due to the feudal system.
D
Japanese emperors were more powerful than Chinese emperors.

Answers

Answer: I think its c

The statement that best describes the rule of Japanese emperors is that the Japanese emperors were the heads of the central government but their power

was limited due to the feudal system.

The shoguns of medieval Japan was that the military dictators who ruled the country uses the feudal system to govern where a vassal's military service and loyalty was given in return for a lord's patronage

The term shogun was used in various titles given to military commanders commissioned for the imperial government’s 8th- and 9th-century in Japan.

The shogunate was under the control of the emperor.

Conclusively, the shogun’s authority was reduced to control of the military forces of the country, but the increasingly feudal character of Japanese society created a situation.

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Why might it be important to have fast, reliable transportation between Manchester and Liverpool?

Answers

Answer:

It might've been important to have fast, raliable transportation between these two town so as to quickly get goods exported. Since Manchester is a cotton producing city and liverpool a thriving port, it is especially important to get these goods ready for export. Railroad were important to get the transport of goods to be sold. For example, in North America, a relativley large country, railroads were nessasary to maximize the domestic distribution of goods.

Explain Kennan's policy of containment. How did it apply to the Cold War?

Answers

Answer:

“containment” policy: A military strategy to stop enemy expansion. It is best known as the Cold War policy of the United States and its allies to prevent the spread of communism abroad.

Explanation:

As a component of the Cold War, this policy was a response to the Soviet Union's move to increase communist influence in Eastern Europe, Asia, Africa, and Latin America. Containment represented a middle-ground position between detente (relaxation of relations) and rollback (actively replacing a regime).

Assess to what extent Vladmir Lenin was significant to Russia’s change from a Tsarist regime to Communism

Answers

Answer:

Rasputin

Explanation:

the Romanov were the last tsar family of Russia. Nickolas 2 was considered a weak leader. it was widely considered because of his relationship with Rasputin. Rasputin was considered a holy figure after he "cured" his son of his debilitating illness. after orders from Lenin, the communist party staged a cue. They kidnapped the Romanov and hid them in a secret location where they were executed.

can someone please help me​

Answers

Answer:

The Zimmerman Telegram was the final straw. President Woodrow Wilson gave a speech to Congress on April 2, 1917 asking for them to declare war on Germany. In his speech he said that the U.S. would go to war to "fight for the ultimate peace of the world." On April 6, 1917 the U.S. officially declared war on Germany.

Explanation:

Zimmermann sent the telegram in anticipation of resumption of unrestricted submarine warfare, an act the German government expected would likely lead to war with the U.S. Zimmermann hoped tensions with Mexico would slow shipments of supplies, munitions, and troops to the Allies if the U.S. was tied down on its southern

Over a million people left Ireland in the 1850’s because of _____.

a potato famine
war
a desire to freely worship God

Answers

Answer: it think it is B

don't forget to drop a heart

Explanation:

What was true about the Russian Revolution?
A. It caused a fear of foreign influence in the United States.
B. It resulted in a world financial crisis.
C. It caused a decrease in immigration to the United States.
D. It restored a monarchy.

Answers

Answer:

A. It caused a fear of foreign influence in the United States

Explanation:

just took the test, hope this helps :))

The true about the Russian Revolution is  caused a fear of foreign influence in the United States Option(a) is correct.

What was Russian Revolution?

The Russian Revolution was a time of political and social revolution that occurred in the previous Russian Empire which started during the First World War.

This period saw Russia cancel its government and take on a communist type of government following two progressive revolutions and a horrendous nationwide conflict. Because of these turns of events, grassroots local area congregations (called Soviets) were framed. These Soviets were driven by officers and metropolitan modern proletarians, as well as provincial ranchers.

The Soviets at first allowed the new Provisional Government to manage, but the Soviets demanded a right (honor) to impact the public authority and to control different volunteer armies. By March, Russia was secured in a double power as neither one of the legislatures trusted the other. The Provisional Government held state power in regions like military and foreign relations, though the organization of Soviets held more power concerning homegrown undertakings. Basically, the Soviets held the loyalty of the common laborers, as well as the developing metropolitan working class.

Therefore Option(a) is correct.

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When and where was the first production of the play Hamlet?

Answers

1609 in the Globe Theater

How did President Reagan respond to the bombing of U.S. Marine barracks in Lebanon?

Answers

Answer:

he described it as a despicable act and pledged to keep a military force in Lebanon

What point is the artist trying to make through this cartoon?

Answers

Answer: slavery

Explanation:

11. As World War II was ending, the United States decided to join the United Nations mainly because the United States (5.2) A sought to meet the American public's overwhelming demand for free- trade agreements B wanted to continue to play the same role it had in the League of Nations C recognized that efforts to achieve world peace required United States involvement D wanted to stop the growing influence of newly independent developing nations _​

Answers

Answer:

c recognized that efforts to achieve world peace required that efforts to achieve world peace

How Hindus and Buddhists beliefs about reincarnation and how one should live?

Answers

Answer:

Hinduism views the reaching of Nirvana as having good karma and dharma in your previous lives (Sullivan, par. 1), while Buddhism holds that once you realize that life is suffering, you can end the suffering (Bhikshu, par. 6). Reincarnation is where the two religions differ the most in regards to the afterlife.

Explanation:

As you watch this video think about the impact that each of these people have had on your life?

Video name : Black Excellist: 10 Great African Americans - Ali Edition (Part 1 of 4)

plssss helpppp

Answers

Throughout the video I can infer that the impact that each of these people have had on my life can be associated with the equality we have today. Their self sacrifice, determination and willpower against the odds has affected the way we believe people should be treated regardless of skin color even to this day. Specifically, Muhammad Ali paved the way for colored athletes to speak their mind and oppose to what they believed was wrong by revoking the draft of 1967. To this day, he is seen as one of the most iconic pioneers and is long respected even after his death due to his beliefs and determination.

Which amendment states that citizens have a right to a jury trial in civil cases where the value of the case exceeds $20?

Answers

answer

the answer is 10 dolaars\

Explanation:

Answer:

The answer is the 7th

Explanation:

I just took the test and got it right, hope this helps :)

с
Question 8 of 55 -
USHC 5 of 8 (20-
From 1900 to 1915, what was a basic goal of the United States' foreign policy?
Promote the United States' influence in Latin America and the Pacific
Oppose revolutionary movements in Western Europe
Develop close economic ties with African nations
Prevent the spread of communism in Western Europe and Asia

Answers

Answer:

Having a strong military to achieve foreign policy


In what ways did the spread of Enlightenment philosophy affect independence movements in Latin America?

Answers

Answer:

Explanation:

Enlightenment philosophers influenced the American Revolution because they promoted political equality. Explain the division of power in the Federal System. Power is divided between the nation and states. Three branches of government and the checks and balances systems.

The Enlightenment aided in the devotion of the U.S. Declaration of Independence and the establishment of several Latin American nations constitutions.

What was the Enlightenment?

The thirteen American colonies experienced an intellectual upheaval known as the American Enlightenment from the 18th to the 19th century, which sparked the American Revolution and the establishment of the United States of America.

The Latin American Revolutions had a strong connection to the Enlightenment because once countries obtained freedom, the concept of popular sovereignty emerged. The populace thought they need to have a voice in who governs their nation.

Therefore, The American Revolution was influenced by enlightenment thinkers because they supported political equality.  The country and the states share power.

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What did the government do to rehabilitate the Jews after the holocaust?

Answers

Answer:

they were given reparations

Answer:

The Holocaust had a deep effect on society both in Europe and the rest of the world, and today its consequences are still being felt both by children and adults whose ancestors were victims of this genocide.

Explanation:

HELLLLP

The 262 pilots claimed a total of _______ allied kills ??????

Answers

Answer:

542 Allied kills

Explanation:

Me 262 pilots claimed a total of 542 Allied kills (although higher claims are sometimes made). The Allies countered its potential effectiveness in the air by attacking the aircraft on the ground and while taking off or landing.

The government asked citizens to purchase
to help pay for the war.
bonds
rations
propaganda
produce

Answers

Answer:

Bonds

Hopefully I am correct.

Answer: They wanted citizens to purchase war bonds and to not use as many resources through a rationing system.

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2. What group challenged the Duma, leading to anarchy?

Answers

Answer:

Russian

Explanation:

please help T+Tkatagian and pagkakilanlan

Answers

Sinocentrism Ang Sinocentrism ay ang paniniwala ng mga sinaunang tsino na ang china ay nasa centro ng mundo na ito ang tanging sibilisasyon sa mundo.Devaraja Ang Devaraja ay isang malaking impluwensya ng sinaunang konseptong hindu at sinaunang tradisyon khamer sa cambodia.CakravartinMagaling,matalino,mabait,magalang sa konseptong buddhism

Before the development of the Twelve Tables, who controlled the government?

Answers

Answer:

How was Roman government different before the 12 Tables were created? Beforehand, courts refused to rule on disputes between patricians and plebeians. Beforehand, Rome had no official laws. ... Senators were patricians; Assembly members were plebeians

Explanation:

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