Examlex
Which of the following illustrates double counting?
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.
Multinational Corporations (MNCs)
Companies that operate in several countries, often having a centralized head office where they coordinate global management.
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