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

Pergunta

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

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

Solução

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ViníciusElite · Tutor por 8 anos

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'Invisible Hand'

Explicação

## Step 1<br />The question is asking for the guiding force that allows society to function. The options provided are "Invisible Hand", "Monetarism", "Communism", and "Free to Choose". <br /><br />## Step 2<br />The 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.<br /><br />## Step 3<br />The 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.
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