An Example of Adam Smith's "Invisible Hand" Is Self-Interested Businesspeople

question 222

True/False

An example of Adam Smith's "invisible hand" is self-interested businesspeople developing a better keyboard for the blind in hopes of making large profits.

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Definitions:

Human Behavior

The range of actions and mannerisms made by individuals and influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and genetics.

Situational Forces

External circumstances or environments that influence individuals' behavior and decisions.

Self-actualization

The realization or fulfillment of one's talents, potential, and capabilities, considered as the ultimate goal of personal development.

Hierarchy

A structure or entity where participants or factions are arranged in sequential order of superiority or command.