According to adam smith's invisible hand principle, productive actions that promote the general welfare of society will be undertaken when

Answers

Answer 1

Adam Smith theories promote individualism in the sense that they state that, when each economic agent (households, business, or public entities) pursue their own interests selfishly, the outcomes generated by their economic activities will optimize the social welfare.

The incentives behind working for the own profit are much higher, and make individuals more productive and more sensitive to mistakes, therefore they are keen on improving their practices constantly. In turn, the incentives of working for the common interest are more vague, and such situations lead to sharp productivity declines. It is more likely that societies with greater productivity are able to produce efficiently enough goods and services to cover the needs of all its citizens. Therefore those societies end up maximizing the social welfare. These are the main arguments which support the invisible hand principle coined by Adam Smith.

Answer 2
Final answer:

Adam Smith's invisible hand principle suggests that by pursuing their self-interest, individuals inadvertently contribute to society's welfare. This happens in a free market, where the 'invisible hand' of the market guides economic decisions, leading to the creation of products and services that meet consumers' needs.

Explanation:

According to Adam Smith's invisible hand principle, productive actions that promote the general welfare of society will be undertaken when individuals act on their self-interest. Smith proposed this idea in his work, The Wealth of Nations, where he analyzed how economies function. He observed that when people work hard to make a living and consumers seek the best deals, they inadvertently create economic output and drive businesses to offer products and services that meet consumers' needs.

In essence, by pursuing their own interests, individuals indirectly contribute to society's welfare. This process takes place in a market economy with minimal government interference, allowing the 'invisible hand' of the market to guide economic decisions. Therefore, Smith advocated for a reduction in tariffs and regulations, aligning with the rational choice theory, suggesting that people make decisions that best serve their objectives. These self-motivated decisions, in turn, often align with the broader social good.

Learn more about Invisible Hand Principle here:

https://brainly.com/question/30961088

#SPJ12


Related Questions

"develop an argument that explains which of the three models of representative democracy - pluralism, elitism, hyperpluralism - best achieves the founders' intent for american democracy in terms of ensuring a stable government run by the people."

Answers

Answer:

Explanation:

Is this for AP gov???

Final answer:

Pluralism is the best model of representative democracy that achieves the founders' intent for American democracy in terms of ensuring a stable government run by the people.

Explanation:

The best model of representative democracy that achieves the founders' intent for American democracy in terms of ensuring a stable government run by the people is pluralism.

Pluralism is a model that emphasizes the participation of various interest groups and individuals in the decision-making process.

This model aligns with the founders' intent as it allows for a diverse range of voices to be represented and ensures that power is not concentrated in the hands of a select few.

Learn more about Representative democracy here:

https://brainly.com/question/24670793

#SPJ3

The fact that were was not national military under the articles of confederation was weakness in witch area of goverment

Answers

Navy and marines would be your answer

Being around positive people will tend to make you more positive. user: being around positive people will tend to make you more positive. true or false

Answers

I believe this is true

I hope this helps :)


Answer:    True

Explanation:  Being surrounded by good people has a great impact on our lives. These are the people who encourage good sides in us, our virtues, which can sometimes be suppressed due to various circumstances of life. So good people from our surroundings constantly help us to be better in different ways. With their positive attitude, they help us to make important decisions, to become motivated, to be more productive, etc. Therefore, when we choose people who will surround us, we should approach very responsibly, as when choosing food or the like.

Discuss the parenting style of neo and boseyong’s family. Provide supporting evidence from the reading to support you discussion.

Answers

The parenting style

Mokgobjo was an old man who was over seventy years old. There were two little girls Neo and Boseyong, mother, unmarried sister, and a supporter Ramadi. They had donkey cart and made land ready to plow in order to start raining. However, in November, the rain fled away and the sky became bare. Although in this, Neo and Boseyong were happy yet had nothing to eat.

He thought to make a rain ceremony and sold their animals for food. Neo and Boseyong died. Their mother told police and broke down on the investigation and then the old man and Ramadi were sentenced to death due to murder.

Article 7 of the constitution describes what

Answers

Article 7 describes ratification—how many states necessary to successfully ratify another state, and the process they must go through.
This information is kind of easily google-able?

how the constitution would be ratified .

( apex answers )


list three powers of congress and three checks on the powers of congress

Answers

The answer to your question is,

Congress can override that veto with a vote of two-thirds of both houses. Another example is that the Supreme Court may check Congress by declaring a law unconstitutional. The power is balanced by the fact that members of the Supreme Court are appointed by the president.

-Mabel <3

Here they are:

1. To establish post offices and post roads.

 2. To borrow money on the credit of the United States.

3. To coin money.

Who was the first explorer to enter present day georgia?

Answers

Hernando de Soto is believed to have been the first explorer to enter present day Georgia. He done this in 1540.

How can you determine a source's credibility? A. By checking how many others have accessed the information B. By checking how transparent the source's author is C. By checking whether the source is easily accessible D. By checking whether or not the information is easy to understand

Answers

The answer is B. If you know who the author is, you can see if they are trustworthy or if they're some weirdo writing incorrect info and putting it on the web.

You determine a source's credibility "by checking how transparent the source's author is".

What is a Source?

A source is the place from where you gained information used in your writing. A source can be a printed document, an online document, a speech, a quote or even a television or radio program.

The best sources are those in which your reader can go back and verify for themselves the information you utilized.

What is a credible or reliable source?

A credible or reliable source is one where you can trust the information that the source provides. There are also many factors that make a source credible/reliable.

Whenever you are looking at a source, you should check several things to verify that the information is credible/reliable. These things include the source's authority, accuracy, objectivity, currency, and coverage.

Hence, option B is correct.

To learn more about the Source refer:

https://brainly.com/question/24266723

#SPJ2

Two states of matter present in the water cycle are described below.

State 1: Takes the shape of the part of the container which it occupies.
State 2: Has a fixed shape.

Which of these statements is correct about the two states of matter? (2 points)


State 1 is solid and State 2 is gas.

State 1 is liquid and State 2 is solid.

State 1 is solid and State 2 is plasma.

State 1 is liquid and State 2 is plasma.

Answers

state 1 is a liquid and state 2 is a solid
The states of matter are solid, liquid and gas. Solids have a fixed shape, so you cant really change it's form. Liquids don't have a fixed shape and adapt to the shape of an "object" it is in. Therefore, State 1 is a a liquid, and state 2 is a solid.

When blsa researchers studied cognition, they discovered that, over time, even healthy older adults _______________________________________________ as part of normal aging.

a. Suffer small loss of brain function

b. Gain a significant amount of brain volume

c. Lose a significant amount of brain volume

d. Expand cognitive activities

e. Acquire higher cognitive scores?

Answers

The right option is; c. Lose a significant amount of brain volume

When BLSA researchers studied cognition, they discovered that, over time, even healthy older adults lose a significant amount of brain volume as part of normal aging.

Cognition are various high-level brain functions which include learning, memory, reasoning, focusing, use of language, information handling, organizing, planning, and problem-solving. Cognitive abilities tend to gradually deteriorate with age and a certain level of cognitive decline is part of normal ageing.


After fossils are formed, which process is most likely to destroy them

Answers

I think the answer you are looking for is probably erosion.

After fossils are formed the rock cycle process is most likely to destroy them. The same mechanisms that turn sediments into rock also allow the remains of dead animals and plants to become trapped in sediments and transform into fossils.

What is the most common method of fossilization?

The most typical way to create fossils is through the process of petrification, also known as permineralization. A shell, bone, or tooth may be exposed to mineral-rich fluids flowing through the porous rock after being buried in silt and filled with preserving minerals like calcium carbonate or silica.

Once buried, the surrounding rock and fossil may experience intense pressure and heat, and the fossils may melt. After fossils are created, they may be dragged away by scavengers, relocated by glaciers, washed away by streams, or trapped in rockslides. A fossil can be destroyed through weathering by the sun, wind, and water.

Learn more about The Rock Cycle here:

https://brainly.com/question/1574229

#SPJ6

In order to sleep, insects enter a state of __________.

Answers

Torpor.

Torpor is not exactly like sleep in humans but it is a sort of "suspended state" wherein the insect is minimally aware of its surroundings. Environmental stimuli like sudden sounds or movements can get the insects out of their torpor very quickly, typically within a matter of few seconds.

Answer:

Torpor

Explanation:

Edg 2020

The term decrescendo tells the musician to perform what action?

Answers

The term decrescendo is an italian musical term. When the musician is following the musical notes, they might encounter with the reference decresc. which indicates to perform the action of reducing or decreasing gradually the volume or intensity of the sound to prepare for a shift. The symbol for decrescendo is a narrowing angle.

Polar climates are cold all year round with little or no vegetation

Answers

How would you like is to answer that? Is this a true or false? If so it is true. Or would you like us to elaborate? If so, then, the North pole during the summer gets up around. 30 degrees ferinhiet or 0 degrerd Celsius, during the winter it goes down to about -45 degrees ferinhiet or -45 degrees Celsius. In the south pole during the summer it gets up to around -20 degrees ferinhiet or -28 degrees Celsius, during the winter it gets down to -75 degrees ferinhiet or -60 degrees Celsius.

I hope this helps.

Roosevelt wrote, "There can be no greater issue than that of conservation in this country." Do you agree? Has that issue changed since his time? Explain.

Answers

Roosevelt was determined to work as a conservationist, and back then global warming was not even discovered. It was important back then to set an example and start working for the earth for a change. Nowadays, after decades and decades of pollution and registering sea level rising and hotter temperatures, it's more important than ever to continue the conservation philosophy. There are several species that existed back in Roosevelt's time that are already extinct, so taking care of parks, forests, lakes and earth it's more essential now than ever.

President Theodore Roosevelt governed America from 1901 to 1909. I agree with Theodore's Roosevelt submission that "There can be no greater issue than that of conservation in this country."

Today, the issue remains the same and even more cogent. Given the rising issues of climate change, global warming, pollution from industries, and the extinction of wildlife, it becomes more vital that Americans seek measures to conserve the resources in their environment.

Theodore Roosevelt was an American President that was very keen on conservation.

He believed that if Americans did not take care of the resources in their environments, they would pay the price just like the prodigal son.

Measures such as recycling, the planting of trees and parks, the protection of endangered animal species, and projections for the reduction of industrial pollution are all geared toward conservation.

The Farmland Protection Policy Act is one such move to preserve resources.

Learn more here:

https://brainly.com/question/24990952

What is unique about priests in sumerian society

Answers

"Priests in the Sumerian society were the mediators between people and the gods" .

Sumerians believed that for the continuation of the city-state it is crucially important to have a class of people who could communicate to gods. And to explain to people how to worship gods or what is liked and disliked by the Gods. This need of Sumerians led to the emergence of the priestly class in the society. The priests could predict the command of the lords, and how to obtain the favor of God. This made the priests very important and unique in the Sumerian Society.


Stress is a major risk factor in:

disease

peer groups

eating

getting dressed

Answers

Final answer:

Stress is a major risk factor for various diseases, contributing to heart disease and impairing the immune system. It causes substantial wear on the body which impacts overall health.

Explanation:

Stress is a significant risk factor in the development and progression of many forms of disease. Chronic stress is known to cause harmful wear and tear on the body, potentially influencing almost any imaginable disease process. For instance, chronic stress is a major contributor to heart disease and can weaken the immune system, reducing the body's ability to fend off colds and infections. While the social aspects of eating, such as peer pressure and emotions, do affect dietary choices, stress influences health outcomes on a broader and more systemic level, impacting overall wellness.

What a person intends or plans to do change one consonant from invention?

Answers

Final answer:

The process of changing one consonant from 'invention' is known as 'substitution'.

Explanation:

The process of changing one consonant from the word 'invention' is called 'substitution'. Substitution is the act of replacing one letter or sound with another in order to create a new word.

For example, if we substitute the 't' in 'invention' with a 'c', we get the word 'invention'. Another example would be replacing the 'n' with an 'm', resulting in the word 'imvention'.

In this way, substitution allows us to create different words by making a slight alteration to the original word.

Learn more about substitution here:

https://brainly.com/question/32202484

#SPJ3

Final answer:

The word 'invention' can be altered to 'intention' by changing a single consonant. The structure and purpose of the word, analogous to how our ancestors fashioned tools from flint, remain the same despite this change.

Explanation:

The student's question pertains to the modification of the word 'invention' by changing a single consonant. Since the question mentions 'plans' and 'intentions,' the word 'intention' is a probable answer. By changing the 'v' in 'invention' to a 't,' we get 'intention.' However, please note that in the context of English language structure, completely different words are formed by changing a single letter in another word.

Just as our ancestors chipped flint into tools without changing the flint itself, we have changed the letter in 'invention' without altering its fundamental structure or function as an English word. Much like inventors who have found their inventions earning less profit than expected, changing a letter might not always yield the most desirable or profitable results.

Learn more about Word Modification here:

https://brainly.com/question/35443132

#SPJ12

Between which two regions does the Middle Atlantic region lie?


the Southwest and New England


the Southeast and Canada


the Southwest and Washington


the Southeast and New England

Answers

the southeast and New England

What can you infer about properties of two elements in the same group??

Answers

You can infer that the elements in a group have similar physical or chemical characteristics of the outermost electron shells of their atoms.

Elements in the same group of the periodic table have similar properties due to having the same 'electron patterns' or valence electron configurations, which dictate their chemical behaviors. The metallic character also increases as one moves down a group. This pattern allows for predictions about the properties of unfamiliar elements.

When examining properties of elements in the same group, we can infer that they have similar physical and chemical properties. This is attributable to their 'electron patterns' or valence electron configurations. Since elements in a group share the same number of valence electrons, they tend to show similarity in chemical behaviors. For instance, the alkali metals in Group 1 each have one valence electron, leading to characteristic properties such as high reactivity with water. As another example, the alkaline earth metals in Group 2 have two valence electrons, contributing to their somewhat reactive nature but less so than alkali metals.

Moreover, as we move down a group on the periodic table, there's a noticeable change in properties. The metallic character tends to increase. Taking Group 16 (6A) as an example, we start with the colorless gas oxygen and move down to the silver-grey solid polonium, which is metallic in nature. By understanding these patterns, we can predict the properties of unfamiliar elements based on their group positioning. This insight is particularly useful in predicting reactions and bonding behaviors.

Extrusive formed igneous rocks cool faster and have larger crystals true or false

Answers

false.They have smaller crystals

Besides Europe, what other areas were battlegrounds during World War I? A. South America, North America, Australia B. South America, Australia, Africa C. Africa, Asia, the Middle East D. the Middle East, North America, South America

Answers

C. Africa, Asia, the Middle East

Consistently praising children for mediocre or even poor performance can lead to _____, which may cause children with _____ self-esteem to avoid important learning experiences.

Answers

Consistently praising children for mediocre or even poor performance can lead to an inflated self-esteem, which may cause children with low self-esteem to avoid important learning experiences.

Adults use to praise children with poor performance because they want to motivate them. But recent studies by Dr. Eddie Brummelman have found that this could be counterproductive.

Inflated praise may cause kids with low self-esteem to avoid important consequences of their actions and limit the learnig experience if they do not recognize the lack of results.


What peninsula is sweden and norway located at

Answers

Scandinavian Peninsula

Why is it difficult for third parties to win elections in the united states?

Answers

because the two biggest parties in the U.S are the Republicans and the Democrats.

moses' father was in the tribe of Judah. true or false

Answers

the answer for this is false

The awnser to your question is false i hope this helps :)

Which form of government is characterized by having the least amount of political participation?

Answers

I believe this would be a monarchy

The correct answer is autocracy:)

What powerdid that alan act give they president

Answers

Do you mean the Alien* Act?

If so, the Alien Act gave the president power to deport aliens.

Abstract linguistics is a linguistic theory that asserts that the more concrete your words, the clearer your communication?

Answers

Not exactly.

Language is an abstraction, and linguistics seeks the scientific study of this language, determining norms that enable understanding in time and space. So linguistic signs are usually interpreted literally. However, abstract language denotes a process of linguistic development according to which the terms used denote meaning farther from the literal. Abstract language is widely used in scientific terms through articles, dissertations and theses.

The main agents that cause metamorphic rocks to form are

Answers

The main agents that cause metamorphic rocks ro form are temperature changes ( usually when Rocks are heated to the melting point which forms magma), pressure and Chemical changes.

An increase in pressure and heat is caused by layers of sediments that are being buried deep under the surface of the earth.

Hope this helps ;)

The key agent or major factor that leads to formation of metamorphic rocks to develop is high temperature.

What are metamorphic rocks?

Although rocks that began as a different kind of substance, metamorphic rocks have undergone significant alteration from their igneous, sedimentary, or previous metamorphic forms. When rocks are exposed to extreme temperatures, high pressures, hot mineral-rich fluids, or, more frequently, some combination of these conditions, metamorphic rocks are created.

Metamorphism, a process that changes one type of rock into another, is the source of metamorphic rocks. The initial rock is frequently subjected to pressures of at least 100 mega Pascals and temperatures between 150 and 200 °C, which profoundly alter its physically or chemically composition.

Therefore high melting pressure or temperature is major reason behind the formation of metamorphic rocks.

Learn more about metamorphic rocks:

https://brainly.com/question/19930528

#SPJ5

Other Questions
40 POINTS!! YOUR OWN ANSWER!! NO COPY & PASTE OR I WILL REPORT!!! WILL GIVE BRAINLIEST TO BEST ANSWER!Make a list of four or five major cities around the world and then locate them on a map. What are the likely strategic or economic reasons for their locations? Do their locations share common characteristics? Find the product!!!!!!! At 3:00 PM a man 138 cm tall casts a shadow 148 cm long. At the same time, a tall building nearby casts a shadow 199 m long. How tall is the building? HELP!!! GIVEING MOST POINTS AS I CAN!! JUST GIVE ME ARGUMENTATIVE ESSAY STUFF I CAN PASTE INTO A SLIDE PLEASE DOSENT HAVE TO BE NEAT, THANKSPurpose Create a essay to deliver a convincing argumentYour school has recently decided to start serving genetically modified food as part of school lunches.Give a multimedia essay to the student council arguing for or against the new policy. Includeengaging visual elements and strong evidence that support your position Triangle PQR has vertices (2,2) (5,-4) and (-4,-1). What type of triangle is triangle PQR Which statement accurately describes Darwins experience on the Beagle? A. He had a eureka moment and understood how species evolve. B. He recognized the significance of each species he observed. C. He collected a vast amount of data and observations that fueled later theories. D. He was unsurprised by the variety of species he observed. In the great flood of 1993, the Mississippi River was so high that it caused the Illinois River to flow backward. If the Illinois River flowed at the rate of -1500 feet per hour, how far would the water travel in 48 hours? Consider the algebraic expression: -z-7y+18x+4Which of the follow is a constant in this expression?Which of the following lists all the coefficients in this expression? what was an early form of technology to ancient people plz answer this question What biological process allows process allows humans ,mammals,and birds to maintain high body temperatures? PLEASE HELP 10 POINTS!!!!What is the molarity of HCl found in a titration where 50 ml of HCl is titrated with 50 ml of .1 M NaOH? There was much hope that the new government would deliver political reform and social justice. However, the reality being more war, violence, and a crack down on people who dared to speak out for a fairer, more open society became known as Middle Eastern Conflicts and Crisis Red Sea Revolution Arabian Peninsula Revolt Arab Spring Uprising Which statement is false?Cartoonists use suspense frames to convey their messages.Cartoonists use realistic or cartoonish images or caricatures.Cartoonists avoid using stereotypes in their work.Cartoonists have unique styles. Hillary is walking to school at 1.3 m/s. She looks at her watch and realizes she is going to be late. She starts to hurry by increasing her rate by 0.090 m/s squared. What is Hillary's speed after 10 seconds? Fill in the blank with the correct answer. recent research on sports and social equality in the united states demonstrates a general pattern of _______________ of people from the lowest income levels among active participants in organized sports and physical recreation (gruneau, 1999). What is 1 7/8 times 5/6 Which of the following is an example of Aztec art? Which of the folllowing properties of matter is independent of its location.A.MassB. VolumeC.PressureD.Weight In the late 18th century, the king of England sent representatives to C