Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Book Icon
Chapter 2.1, Problem 3TP
Summary Introduction

To determine: The meaning of the term invisible hand and in what manner such invisible hand creates wealth for a country.

Introduction:

The term invisible hand means the entrepreneurs of a country that invisibly help the development of economy of a country.

Economics is the term used for the study of production, distribution and consumption of resources.

Blurred answer
Students have asked these similar questions
Now consider the political, economic, and legal systems of China, India,and Brazil. Explain why you think one country might be more hospitableto Moots than the others.
What is NAFTA and advantage and disadvantages to economy?
3-11. Economic espionage includes what kinds of activities?
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning