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What Is the Guiding Force That Allows Society to Function? Invisible Hand Monetarism Communism Free to Choose

Question

What is the guiding force that allows society to function? Invisible Hand Monetarism Communism Free to Choose

Solution

Verificación de expertos
4.1 (160 Votos)
Vinícius Elite · Tutor por 8 anos

Resposta

'Invisible Hand'

Explicação

## Step 1The question is asking for the guiding force that allows society to function. The options provided are "Invisible Hand", "Monetarism", "Communism", and "Free to Choose". ## Step 2The term "Invisible Hand" is a concept introduced by economist Adam Smith. It refers to the unseen forces that drive the free market economy. According to this concept, individuals pursuing their own self-interests inadvertently contribute to the overall good of society. This is because the market, through the actions of individuals, naturally seeks to balance supply and demand, leading to an efficient allocation of resources.## Step 3The other options, "Monetarism", "Communism", and "Free to Choose", are also economic theories or systems. However, they do not directly answer the question about the guiding force that allows society to function.