Examlex
In a schematic, any contact that is marked with the same letter or number as a coil is controlled by that coil regardless of where it is located in the schematic.
Invisible Hand Principle
Adam Smith's concept that self-interested behaviors in a free-market economy lead to economic benefits for all.
Competitive Markets
Markets characterized by a high level of competition where no single buyer or seller can influence prices significantly, leading to efficient distribution of resources.
General Welfare
General welfare refers to the overall health, prosperity, and happiness of a population.
Invisible Hand Principle
Adam Smith's concept that individuals' self-interested actions can lead to positive social and economic outcomes, guided as if by an invisible hand.
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