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Females for many species vary in the number of offspring that they will have each year. Investment in producing offspring and/or caring for offspring also varies. In an evolutionary sense the more offspring that survive to reproductive maturity, the greater the fitness. The graph below shows the relationship between number of offspring and offspring survival. What does the graph suggest about fitness of the parent?
Invisible Hand
A metaphor introduced by Adam Smith to describe the self-regulating behavior of the marketplace where individuals pursuing their self-interest inadvertently benefit society.
Desirable Market Outcomes
Market results that are sought after for their positive impact on consumers, producers, and the overall economy.
Households
Units consisting of people living together, either related by blood, marriage, or adoption, making economic decisions as a single entity.
Central Planning
An economic system where the government makes all decisions on the production and distribution of goods and services, typically found in socialist economies.
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