Do Now 4/11

Posljednje ažuriranje almost 6 years ago

What did Adam Smith believe was the result of influence by an “invisible hand”?
[B]y directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
—Adam Smith, Wealth of Nations

regulations to ensure the quantity and availability of goods from vendors

competition that improved the quality of goods and lowered prices

manufacturing process to produce large quantities with minimal profits

industry monopolies that evolved because of immense profits