Explain Why Adam Smith's Invisible Hand Represents the Efficiency a Market

question 17

Essay

Explain why Adam Smith's invisible hand represents the efficiency a market achieves without government interference.

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Definitions:

Slow-To-Warm Babies

Describes infants who show a cautious response to new experiences or people, gradually becoming comfortable over time.

Placidity

The quality of being calm, peaceful, or tranquil.

Rhythmicity

The predictability of an individual’s sleep, feeding, elimination, and other biological cycles. An aspect of infant temperament.

Biological Regularity

Patterns or rhythms observed in biological processes, such as sleep-wake cycles, that are consistent and predictable.