Adam smiths economic theory about the invisible hand, opinionated
Date Submitted: 04/15/2004 13:15:38
Category: / Business & Economy / Economics
Length: 3 pages (849 words)
Category: / Business & Economy / Economics
Length: 3 pages (849 words)
<Tab/><Tab/><Tab/> <Tab/>"The Invisible Hand"<Tab/><Tab/><Tab/><Tab/><Tab/> <Tab/>Smith laid the intellectual framework that explained the free market and still holds true today. He is most often recognized for the …
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…Microsoft's ideas. People are running out of original ideas, so instead they build on other people's in order to get rich. It's kinda like one of those "get rich schemes." But without some government intervention and laws, such as copyright laws, people would just copy everyone else and all the products would be the same. Our society is becoming less and less willing to take the risk of losing their investment if their business fails.
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