Explain how the invisible hand fights back when government, Ask an Expert

Economics

How supply and demand analysis can be extended to illuminated many issues such as low incomes in agriculture and the pattern of taxation by government;

How selfish behaviour in a market system acts like the "invisible hand" of a social planner to allocate society's resources efficiently; and

How the invisible hand fights back when government try to overrule market forces with price controls.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9204556

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