IDNLearn.com is committed to providing high-quality answers to your questions. Join our platform to receive prompt and accurate responses from experienced professionals in various fields.
Adam Smith used the “invisible hand” as a metaphor for the forces that balance a free market. What might be a good metaphor for the forces at work in a command economy? Explain your answer.
In economics, the invisible hand is a metaphor used by Adam Smith to describe ... Smith may have come up with the two meanings of the phrase from Richard Cantillon ... In this work, however, the idea of the market is not discussed, and the word ... In alternative models, forces which were nascent during Smith's life, such as ... and ....
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.