Examlex
The birth of the first child is most likely to
Invisible-Hand Concept
This concept, introduced by Adam Smith, suggests that the self-regulating nature of the marketplace leads to economic efficiency through individuals' pursuit of their own self-interest.
Resource Suppliers
Entities or individuals that provide the inputs or resources, such as labor, land, capital, and materials, needed for production processes.
Public Interest
The welfare or well-being of the general public and society as a whole, often considered in policy-making and law.
Efficient Combination
The optimal mix of goods and services produced with given resources to achieve maximum value or output.
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