Examlex
Discuss some of the differences between the president and prime ministers.
Unconscious Reference
An implicit or automatic reference to knowledge or information not consciously recognized by an individual.
Laissez-Faire
An economic philosophy advocating for minimal government intervention in the marketplace, allowing the free market to govern itself through supply and demand.
Invisible Hand
A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals pursuing their own interests unintentionally benefit society.
Adam Smith
An 18th-century Scottish economist and philosopher best known for his theories on free market economies and the concept of the 'invisible hand' guiding supply and demand.
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