The Invisible Hand Principle Suggests That

question 377

Multiple Choice

The Invisible Hand Principle suggests that

• A) market prices direct individuals to produce more goods.
• B) individuals pursuing their own interests detract from the economic well-being of society.
• C) there should be stronger governmental initiatives to ensure cooperation for the betterment of society.
• D) market forces tend to channel the actions of self-interested individuals into activities that promote the general betterment of society.

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Definitions:

Factors

Elements or components that contribute to producing a result or influencing a situation.

Cultural Change

The transformation in the values, norms, customs, and practices of a group or society over time.

Socialization Tactics

Strategies and methods used by organizations to integrate employees into its corporate culture and align their behaviors with organizational goals.

Dramatic Opportunities

Situations or moments that present a significant potential for impactful actions or change, often requiring swift and decisive action.