Examlex
A plan to determine how many employees will work next weekend would be which of the following objectives?
Invisible Hand
A metaphor introduced by Adam Smith to describe the self-regulating nature of the market economy driven by individuals' pursuit of their own interests.
Price Mechanism
The system by which the prices of goods and services are determined in a free market, based on the principles of supply and demand.
Central Planning Agency
An organization responsible for directing economic activity according to a comprehensive plan, often in a centrally planned economy.
Business Firms
Entities that engage in commercial, industrial, or professional activities with the goal of generating profits for their owners or shareholders.
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