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The Invisible Hand
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Published on Nov 18, 2015
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PRESENTATION OUTLINE
1.
THE INVISIBLE HAND
USED TO DESCRIBE THE SELF-REGULATING NATURE OF THE MARKET.
2.
ADAM SMITH-THE INVISIBLE HAND
Limited government
Free competition regulates
Self interest motivate
Private property
Economic freedom
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3.
ADAN SMITH-INVISIBLE HAND
Individuals can make profit, and maximize it without the need for government intervention.
4.
SUPPLY AND DEMAND
5.
COMPITITION
COMPETITION CAUSES MORE PRODUCTION AND MODERATE FIRMS'
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