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How Does Adam Smith's Idea of the "Invisible Hand" Apply

question 73

Essay

How does Adam Smith's idea of the "invisible hand" apply to the various parts, made by many different manufacturers in many different countries, that are used by Apple to produce an iPad?


Definitions:

Evolutionary Process

The gradual development of organisms and species over time through mechanisms such as natural selection and genetic drift.

Cultural Evolution

The process by which societies and cultures change over time, including changes in beliefs, practices, technologies, and social structures.

Natural Selection

A process by which organisms better adapted to their environment tend to survive and produce more offspring.

Charles Darwin

A British naturalist and biologist known for his theory of evolution and the process of natural selection.

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