The Famous Phrase "Invisible Hand" Refers to

question 20

Multiple Choice

The famous phrase "invisible hand" refers to

• A)the cyclical nature of a capitalist society, in which the money that people earn through labor is funneled back into society through the consumption of goods.
• B)Smith's concept that everyone seeks out their own interests, thus fueling the capitalist regime through their own selfishness.
• C)Smith's concept that everyone seeks out their own interests, with the net result that everyone's needs are met.
• D)humans inextricable links to one another and most people's inability to function without a connection to another person.

---

Definitions:

Accountant

A professional responsible for managing financial records, tax filings, and providing financial advice to individuals or businesses.

Services

Intangible products such as activities, benefits, or satisfactions offered for sale that do not result in the ownership of anything.

Privately Owned

Businesses or property ownership that is not publicly traded or owned by government entities, typically controlled by a limited number of shareholders or family members.

National

Pertaining to or associated with a country as a whole, rather than local or regional levels.