Examlex
When an arbitrator is used, which is usually true:
Goods and Services
The output produced by an economy, including tangible products (goods) and intangible activities (services) that fulfill the needs or wants of consumers.
Profitable
A financial status where the income earned is greater than the expenses incurred, leading to a positive net income.
Invisible Hand
A concept proposed by Adam Smith, describing the self-regulating nature of the marketplace that guides individuals to unintentionally promote societal benefits through their own self-interest.
Self-Interest
Acting in a way that is most personally beneficial, often guiding economic decisions and behaviors.
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