Business, 18.11.2019 18:31 harleeGirl

According to adam smith, as long as farmers, laborers, and business people received economic reward for their efforts, they would work hard. further, this self-interested focus of market participants would lead to increases in prosperity for the society as a whole and most of its members. smith called this process:
a. the invisible hand
b. an economic feedback loope
c. conomic self-reliance
d. the circular economy

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According to adam smith, as long as farmers, laborers, and business people received economic reward...