Explain how Adam Smith describes the market economy and the role of consumers, producers, workers, savers (investors), and borrowers in the market economy.

Answers

Answer 1
Adam Smith described self-interest and competition in a market economy as the "invisible hand" that guides the economy. Consumers are the guiding force in a market economy. Producers use scarce resources to produce goods and services which consumers use to satisfy their wants and needs. For worker, they are not guaranteed work yet must be available on demand for employers. Although, the workers are not employed by the company that benefits from their labor. For savers, the pressure on pension plans has grown dramatically. As for borrowers, they are any agents who have investment opportunities, but who lack the cash to get those projects started.
Answer 2

Adam Smith described the market economy as "invisible hand" which

helps guide the economy.

Who was Adam Smith?

He was a 18th century philosopher and is referred to as the father of

Modern economics as a result of his numerous works.

He said that self-interest and competition in a market economy is

important for any economy to thrive successfully. He also outlined the

roles of consumers, producers, workers, savers (investors), and borrowers

as the driving forces due to the various inputs they have on the economy.

Read more about Adam Smith here https://brainly.com/question/3986852


Related Questions

Mercy is God's willingness to forgive.

True or False

plz help

50 points!!!!!!!!!!!

no bets or I will report

best answer gets brainlest

Answers

Answer:

True

Explanation:

Mercy is mentioned in the Bible in relation to forgiveness and the withholding of punishment. God the Father, for example, demonstrated mercy on us by sacrificing his son, Christ Jesus, on the Cross to atone for our sins. He responds compassionately and mercifully.

"Be kind and sympathetic to one another, forgiving one another as God forgave you in Christ." "For if you forgive others when they wrong you, your heavenly Father will forgive you as well." “Be patient with one another and forgive one another if you have a grudge against someone.”

(Hope this helps can I pls have brainlist (crown)☺️)

Did native Hawaiians want to join the United States?

Answers

Answer:

Native Hawaiians and non-white Hawaiian residents, however, began to push for statehood. These residents wanted the same rights as U.S. citizens living in one of the 48 states. They wanted a voting representative in Congress and the right to elect their own governor and judges, who were currently appointed.

Explanation:

I think yes

On February 1, Minister John Stevens recognized Dole's new government on his own authority and proclaimed Hawaii a U.S. protectorate. Dole submitted a treaty of annexation to the U.S. Senate, but most Democrats opposed it, especially after it was revealed that most Hawaiians did not want annexation.

Please someone hurry and answer this

Answers

srry im late...................

CAN YOU GUYS HELP ME!!! If an alien came to Earth 10 000 years in the future, what do you think he/she/it would find as primary source proof that we actually existed?

Answers

Answer:

things or items we left behind like artifacts

it's gonna end up just either laying there or covered by something or hidden in a cave

Can someone help? I’m supposed to fill this out based on the harappan civilization but I don’t understand the chart.

Answers

Answer:

i can't help but i could give an explanation

Explanation:

say, filling in the "agiculture" in the list of development you name things that you may know about that. and moving on and on.

When did Napoleon crown himself Emperor of France and why? What was Napoleon's main objective to crown himself emperor? What did Napoleon achieve as Emperor of France?

Answers

Answer:

By crowning himself, Napoleon symbolically showed that he would not be controlled by Rome or submit to any power other than himself. This was very important, both as a show of strength to reassure his allies and to quell any potential uprisings or anarchy by proclaiming himself the highest authority in France.D

Explanation:

Somebody help me please

Answers

I think that it’s A and D because it makes the most since if you think about it because it’s back in the day where they didn’t have much opportunity’s.

Answer:

A and D

Explanation:

The had zero opportunities and little to no education. It is all they were capable of doing at that period of time.

what is the battle of the somme?

Answers

Answer:

The Battle of the Somme, also known as the Somme offensive, was a battle of the First World War fought by the armies of the British Empire and French Third Republic against the German Empire. It took place between 1 July and 18 November 1916 on both sides of the upper reaches of the Somme, a river in France.

Explanation:

Hope this helps you if it does please mark brainliest

HELPPP PLEASEEEEEEEE

Answers

Answer:

answers for 1,2,3,4,5

Explanation:

the first is king Midas wishes for the ability to make everything turn to gold when he touched it number 2 is king Midas is a greedy man and number 3 is what ever he touches it turns to gold. number 4 is he was disappointed in him self. number 5 is the lesson of the myth is never be greedy even if you are  wealthy.

Read the excerpt and answer the question that follows.

The first object which saluted my eyes when I arrived on the coast was the sea, and a slave ship, which was then riding at anchor, and waiting for its cargo. These filled me with astonishment, which was soon converted into terror when I was carried on board. I was immediately handled and tossed up to see if I were sound by some of the crew; and I was now persuaded that I had gotten into a world of bad spirits, and that they were going to kill me. Their complexions too differing so much from ours, their long hair, and the language they spoke, (which was very different from any I had ever heard) united to confirm me in this belief.

What were some of the differences Equiano observed between himself and the crew on the slave ship?

Answers

Answer:

The first thing he saw when he reached the shore was a slave ship that was waiting for cargo. He was surprised until he was taken on board and treated as if he was a slave.

A famous work by Leonardo da Vinci that was commissioned by the Catholic Church is

Mona Lisa.
La Primavera.
The Last Supper.
The Birth of Venus.

Answers

Answer:

Mona Lisa.

Explanation:

Smile ;)

Answer:

the last supper

Explanation:

or in other words "c"

What Did Kids In Congo learn about King Leopold in school?

Answers

Answer: Leopold II implemented a forced-labour system in the Congo that was quickly copied by other European colonial powers. This brutal practice was a catastrophe for the population of the Congo, and Leopold was eventually forced to give up his hold on the colony.

Explanation:

What naval battle helped end the second Persian War?

Answers

Answer:

The Battle of Salamis

Explanation:

Hope this helps :)  

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And have an amazing day <3

Answer: Battle of Salamis

Explanation:

What does the document state about the use of black soldiers?
( Emancipation Proclamation)

Answers

In 1862, President Lincoln's Emancipation Proclamation opened the door for African Americans to enlist in the Union Army.

What year did Rome gain the most territory

Answers

Answer:

117 CE

Explanation:

They gained much territory under the king Trajan. When Trajan died, most of his territory in Mesopotamia was lost. Hope it helped? Did I get it right?

PLZ HELP ME I NEED U GUYS!!
1.)For whom were the pyramids built?

___________________________

____________________

___________________________

2.)The head and face of the Great Sphinx are believed to be the ___________________________________________________________

3.)The Sphinx’s body of a ___________, is thought to emphasize the ____________, role, as a son of ________, and a strong ruler.

Answers

Answer:

1. Pyramids were built for religious purposes.

2.The head and face of the Great Sphinx are believed to be the  pharaoh Khafre

3.) The Sphinx’s body of a lion, is thought to emphasize the pharaoh's head, role, as a son of Pharaoh Khafra's head and a strong ruler.

Explanation:

Where are the cities of Quebec and montreal located

Answers

Answer:

Montreal

Explanation:

I remember from one of my classes I think

what is the major source of large damaging tsunamis over the past few million years?

Answers

Answer:

the most destructive tsunamis are generated from large, shallow earthquakes with an epicenter or fault line near or on the ocean floor

Explanation:

The primary causes of big, destructive tsunamis are enormous earthquakes linked to the planet's principal subduction zones.

What are Tsunamis?

The phenomenon known as a tsunami is characterized by a string of enormous waves with a very long wavelength and period that are typically caused by an abrupt, strong underwater disturbance or activity close to the coast or in the ocean.

Large undersea earthquakes at tectonic plate borders frequently produce these amazing waves. When the ocean floor at a plate boundary suddenly rises or falls, the water above it is displaced, which causes the rolling waves that will constitute a tsunami to be launched.

In the "Ring of Fire" of the Pacific Ocean, a geologically active region where tectonic movements frequently cause earthquakes and volcanoes, the majority of tsunamis, or roughly 80% of them, occur.

Hence, major source of large damaging tsunamis over the past few million years is enormous earthquakes linked to the planet's principal subduction zones.

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50 points!!!

write ONE diary entry about ONE of these settlements: Your diary entry should talk about day-to-day experiences with Native Americans and/or Europeans. Your diary entry should talk about the successes and/or failures of the day and include some kind of image.

Answers

Answer:

any certain tribes or anything specific that you want?

Nguyên nhân nào dẫn đến phong trào giải phóng dân tộc ở châu á giữa thế kỉ 19 đầu thế kỉ 20

Answers

Answer:

nobody can understand you

Explanation:

What about Jerusalem made it a likely spot for religious conflict?

Answers

Answer:

For Muslims, Jerusalem is a site of key events in the life of Jesus and other important figures. It's also the spot where, according to traditional interpretations of the Koran and other texts, the prophet Muhammad ascended to heaven.

What were two ways that enslaved people use music to fight back against enslavers


15 points:)

Answers

One huge say consisted of how enslaved individuals would use music as an escape plan. They would sing songs to each other while doing tasks, to get a plan together of their future escape to freedom!

I hope this helps! Let me know if you have any questions! Good luck on the rest of your assessment!

Mark this as Brainliest if you get a chance:)

helpppppppppppppppppppppppp

Answers

Answer:

that's cheating tho you can answer it by you're self sorry if I can't help you

what are the early stages of the french and indian war?

Answers

Answer:

(The more-complex European phase was the Seven Years' War [1756–63].) It determined control of the vast colonial territory of North America. Three earlier phases of this extended contest for overseas mastery included King William's War (1689–97), Queen Anne's War (1702–13), and King George's War (1744–48).

How old is George Washington?

Answers

67 years is the answer

67 born 1732 died 1799

the spanish conquistadors captured the inca atahualpa in what year?

Answers

this took place in 1532

What conclusion can you draw from the fact that Hitler lost his election bid against German president Hindenberg in 1932?
The majority of Germans were not yet convinced that the Nazi party could solve Germany's problems.
The German people distrusted those in power and were fully backing the Nazi party's rise to take over Germany.
Hindenburg and his political party used deceptive propaganda and stuffed ballots to prevent Hitler from successfully taking office.
Hitler and his party had been given a fair platform on which to present their ideas to the German people.

Answers

Answer:

The first choice

Explanation:

Sorry if I'm wrong

What is your opinion of the idea that the ability to face hardship is an essential human quality?

Answers

Answer:

The ability for an individual to endure hardship is a testament to the endurance of human spirt. The ability to defeat hardship isn 't something everyone has but I assume that having that ability is something that should be an essential human quality.

This happens to due to the lose of water for many reasons, and then food.

A) Docile

B) Acculturation

C) A bad day!

D) Famine

Answers

Answer:

a

Explanation:

Answer: Famine

Explanation: Famine definition means scarcity of food and can mean water too :)

How does someone become a citizen of the United States? Select ALL that apply.

A. Go through the process of naturalization.
B. Live in the United States for 15 years without being arrested.
C. Anyone with no criminal history in their country can purchase U.S. citizenship for a fee.
D. Anyone born in the United States is automatically a citizen.

Answers

Answer:

D is the correct option

hope it helps

plz mark me as brainliest

have a great day ahead

Answer:

A and D

Explanation:

they are the all that applies hope it was what your looking for ( :

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