--%>

Market system automatically adjustment by invisible hand

Concept of Adam Smith that the market system automatically adjusts as when guided through an “invisible hand” most intimately resembles: (1) flows of electricity across the microcircuits within computer chips. (2) homeostasis automatic adjustments which help keep the health of a biological organism. (3) gravitational forces which prevent issue from escaping “black holes” out into the cosmos. (4) the drive to perpetuate an organism’s gene pool cited through sociobiologists. (5) humanitarian relief efforts launched through outsiders to aid people beset through catastrophe.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Business Economics

  • Q : Major players in international trade

    Who are the major players in international trade today?  Besides Japan, what other Asian nations play significant roles in international trade?

  • Q : Gains from the Exchange Even people who

    Even people who are extremely good at everything couldn’t encompass: (i) absolute benefits in approximately everything. (ii) Much higher incomes than average. (iii) Comparative benefits in everything. (iv) Superior natural endowments of talent.

    Q : State of good or service at last unit

    Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.

  • Q : Describe the Personal distribution of

    Describe the Personal distribution of income?

  • Q : Describe the types of multiplant firms

    Describe the types of multiplant firms?

  • Q : Examples and Applications of

    What are the Examples and Applications of International Trade?

  • Q : Divergences arise between equilibrium

    What divergences arise between equilibrium and an efficient output when spillover costs? How might government correct this divergence?

  • Q : Illustrate the advantage and

    Illustrate the advantage and disadvantage of Corporations?

  • Q : Describe double coincidence of wants

    Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.

  • Q : Perfect Competition leads to Allocative

    A perfectly competitive industry achieves allocative efficiency since: w) goods and services are produced at the lowest possible cost. x) services and goods are produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the margin