Macroeconomics - Adam Smith’s Invisible Hand,This concept explains how

Question # 00857282 Posted By: wildcraft Updated on: 07/08/2024 05:12 AM Due on: 07/08/2024
Subject Economics Topic General Economics Tutorials:
Question
Dot Image

Macroeconomics

Adam Smith’s Invisible Hand. This concept explains how a market will provide incentives for individuals to look out for the well-being of others while also acting in their self-interest. In this discussion, your task is to:  

Put yourself in the shoes of an entrepreneur looking to start a new business somewhere.  

Explain how the invisible hand will lead you to consider the well-being of your potential customers over what you may call your short-sighted self-interest.  

How might the invisible hand effect what good/service you provide?  

Would the invisible hand effect the quality of goods/services you provide?

Dot Image
Tutorials for this Question
  1. Tutorial # 00852775 Posted By: wildcraft Posted on: 07/08/2024 05:13 AM
    Puchased By: 2
    Tutorial Preview
    The solution of Macroeconomics - Adam Smith’s Invisible Hand,This concept explains how...
    Attachments
    Macroeconomics_-_Adam_Smith’s_Invisible_Hand,This_concept_explains_how.ZIP (18.96 KB)

Great! We have found the solution of this question!

Whatsapp Lisa