ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Economist, Adam Smith, thought
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Competition and the idea of an invisible hand are regulatory forces in the economy.
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Government intervention is necessary for stability.
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Government should not control the money supply.
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Less government intervention gives people more economic freedom.
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Explanation:
Detailed explanation-1: -The invisible hand is a metaphor for the unseen forces that move the free market economy. Through individual self-interest and freedom of production and consumption, the best interest of society, as a whole, are fulfilled.
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