Examlex

Solved

Many of the Jobs That Have Existed for Hundreds of Years

question 131

Multiple Choice

Many of the jobs that have existed for hundreds of years are no longer needed due to


Definitions:

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to the benefit of society at large.

Adam Smith

An 18th-century Scottish economist known as the father of modern economics, best remembered for his theory of the invisible hand.

Wealth Of Nations

A seminal book by Adam Smith, published in 1776, that discusses what builds nations’ wealth, emphasizing the importance of a free market economy.

Related Questions