According to the invisible hand principle, competitive marketsgenerally A. bring

Question

According to the invisible hand principle, competitive marketsgenerally A.   bring the self-interest of individualsinto harmony with the efficient allocation of resources, eventhough centralized planning of economic activities is absent. B.   bring the self-interest of individualsinto harmony with the efficient allocation of resources when thebehavior of individuals is directed by democratic centralizedplanning. C.   require central direction; otherwise,the actions of self-interested individuals will conflict with thegeneral interests of society. D.   promote the economic welfare ofself-interested producers at the expense of unorganized groups suchas consumers and taxpayers. According to the invisible hand principle, competitive marketsgenerally A.   bring the self-interest of individualsinto harmony with the efficient allocation of resources, eventhough centralized planning of economic activities is absent. B.   bring the self-interest of individualsinto harmony with the efficient allocation of resources when thebehavior of individuals is directed by democratic centralizedplanning. C.   require central direction; otherwise,the actions of self-interested individuals will conflict with thegeneral interests of society. D.   promote the economic welfare ofself-interested producers at the expense of unorganized groups suchas consumers and taxpayers. A.   bring the self-interest of individualsinto harmony with the efficient allocation of resources, eventhough centralized planning of economic activities is absent. B.   bring the self-interest of individualsinto harmony with the efficient allocation of resources when thebehavior of individuals is directed by democratic centralizedplanning. C.   require central direction; otherwise,the actions of self-interested individuals will conflict with thegeneral interests of society. D.   promote the economic welfare ofself-interested producers at the expense of unorganized groups suchas consumers and taxpayers.

Explanation / Answer

Remember, invisible hand means noany type of planning and the economic will fix itself

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