GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Development is invisible.
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Development is visible.
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Either A or B
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None of the above
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Detailed explanation-1: -Key Takeaways. The invisible hand is a metaphor for how, in a free market economy, self-interested individuals operate through a system of mutual interdependence. This interdependence incentivizes producers to make what is socially necessary, even though they may care only about their own well-being.
Detailed explanation-2: -According to Sen, development is enhanced by democracy and the protection of human rights. Such rights, especially freedom of the press, speech, assembly, and so forth increase the likelihood of honest, clean, good government.
Detailed explanation-3: -"An example of this would be how a business owner, seeking only to make themselves better off, might sell an item of higher quality and at a lower price than his competitors, ” he explains. Keeping prices low may increase demand and create competition among other suppliers offering similar products.