1 of 5

Slide Notes

DownloadGo Live

The Invisible Hand

Published on Nov 18, 2015

No Description

View Outline

MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

THE INVISIBLE HAND

USED TO DESCRIBE THE SELF-REGULATING NATURE OF THE MARKET.
2.

ADAM SMITH-THE INVISIBLE HAND

  • Limited government
  • Free competition regulates
  • Self interest motivate
  • Private property
  • Economic freedom
Photo by bark
3.

ADAN SMITH-INVISIBLE HAND

Individuals can make profit, and maximize it without the need for government intervention.
4.

SUPPLY AND DEMAND

5.

COMPITITION

COMPETITION CAUSES MORE PRODUCTION AND MODERATE FIRMS'

Friend of Haiku Deck

edmodo.com