What Is the Economic Variable That Guides the Invisible Hand

question 179

Essay

What is the economic variable that guides the invisible hand?

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Definitions:

Language and Communication

Involves the use of verbal and nonverbal symbols to convey thoughts, feelings, and information among individuals or groups.

Country Legislations

Laws and regulations enacted by the government of a country that impact various aspects of society and business operations.

Business Practices

Established methods, behaviors, and conduct that are followed in the day-to-day operations of a business.

Environmental Scanning

A repeated process to analyze the changes in the business environment that can impact an organization's strategies.