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lgisselle629
18.10.2020 •
Business
Assignment
Below is a list of items commonly created today. Choose one item from the list and imagine your job was to promote and sell as many items as possible. With the information learned in this lesson and your own experience of using technology, describe how you would promote and sell your item through the use of technology, such as the Internet and smart phones.
Market one of these items:
song
music video
novel geared toward middle school students
application (app) for a smart phone
Submission Requirements:
Create a two paragraph response.
Solved
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Ответ:
The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.
Explanation:
In his book "An Inquiry into the Nature and Causes of the Wealth of Nations" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.
According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.