_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand."
A)Consumerism
B)Cultural relativism
C)Social democracy
D)Laissez-fair
E)Bimodal wealth distribution

Question

Quizplus · Accepted Answer

The term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium is known as laissez-faire or the "invisible hand." It refers to the idea that markets function most efficiently when they are left alone to operate based on supply and demand, without intervention from the government or other external forces.

_____ Is a Term Used by Adam Smith to Explain