Adam Smith's Metaphor of the "Invisible Hand" Refers to the Notion

question 213

Multiple Choice

Adam Smith's metaphor of the "invisible hand" refers to the notion that:

• A) greed is always good when externally motivated.
• B) behavior based on self-interest can lead to an overall benefit to society.
• C) market incentive can lead to negative side effects.
• D) markets always align self-interest with social interest.

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Definitions:

Intrapreneurship

The practice of fostering an entrepreneurial environment within a large organization, allowing employees to create and innovate as if they were running their own startups.

Innovation

The process of creating, implementing, and adopting new ideas, products, or methods to improve performance and efficiency.

Risk Taking

The act of undertaking actions or decisions that have a significant amount of uncertainty regarding the outcome, often in pursuit of a desired goal.

Older Workers

Individuals in the workforce who are typically aged 50 years and above, offering valuable experience and stability to employers.