Examlex
If the speed of particle A is twice that of particle B,the distance particle B travels in a given interval of time as compared with particle A is
Invisible Hand
A concept proposed by Adam Smith, describing the self-regulating nature of the marketplace that guides individuals to unintentionally promote societal benefits through their own self-interest.
Self-Interest
Acting in a way that is most personally beneficial, often guiding economic decisions and behaviors.
Social Interest
The welfare or well-being of the general public and society as a whole, often considered in economic and policy decisions.
Consumer Sovereignty
The idea that consumers' preferences and choices dictate the types and quantities of goods and services produced by an economy.
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