The Idea of the Invisible Hand Was Introduced by

question 174

Multiple Choice

The idea of the invisible hand was introduced by

• A)Wassily Leontief.
• B)Adam Smith.
• C)Thomas Jefferson.
• D)Mountifort Longfield.

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Definitions:

Success-Disengagement

The process where successful entrepreneurs gradually reduce their involvement in the business, either through retirement or by delegating responsibilities.

Takeoff

The phase in a project or venture where rapid growth or development begins, often after a period of foundation laying or preparation.

Resource Maturity

Resource maturity refers to the stage in a resource’s life cycle where it can reliably and sustainably support operations or production levels, typically seen in information technology and natural resources management.

Henri Fayol

A French engineer and theorist, recognized for developing one of the first comprehensive theories of management in the early 20th century.