The 'Invisible Hand' in Economics If no one is controlling the economy or directing who gets what, why does order emerge? According to the economist Adam Smith, this was the result of a force called the 'invisible hand'. Answer and Explanation: The term 'the invisible hand' describes an ...
What is capitalism? The idea that government should not interfere with or regulate industries and business. Owners set working conditions Adam Smith- free markets An economic system based on private ownership and on the investment of money in business ventures in order to make...
价原Trad.價原 Jiàyuán Kagen or the Origin of Value by MIURA Baien 三浦梅園|三浦梅园[San1 pu3 Mei2 yuan2], pioneering study of economics comparable to Adam Smith's The Wealth of Nations 國富論|国富论[Guo2 fu4 lun4] ShowStrokes