Question

A companies profit motive benifits consumers by ensuring the products and services they need are aviable at a high quality

Answer 1

A. The invisible hand

Step-by-step explanation:

CHECK THE COMPLETE QUESTION BELOW

A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality. what is this describing?

A. The invisible hand

B. Mixed economy

C. Laissez-faire

D. Private enterprise

The invisible hand can be regarded as a metaphor used in describing the unseen forces which is responsible for movement of the free market economy. With freedom of production as well as individual self-interest and consumption, we can fulfill best interest of society. This is a concept by Adam Smith. For instance, A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality, describe invisible hand.