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While the 'Invisible Hand' Cannot Guarantee Efficiency, It Is Better

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While the 'invisible hand' cannot guarantee efficiency, it is better at guaranteeing equity.


Definitions:

Expressions

The process of conveying thoughts, feelings, or intent through facial movements, gestures, or verbal communication.

Perception

The method of deciphering sensory data to comprehend and engage with the surroundings.

Action

The process or act of doing something, typically to achieve an aim or to exert an effect.

Ecological Approach

A perspective in psychology that emphasizes the study of how organisms interact with their environment and each other within an ecosystem.

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