Multiple Choice Questions on Which one of the following was recognized as 39 invisible hand 39 by Adam Smith ........ for CAPF (AC) Exam Preparation

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Multiple Choice Questions

Which one of the following was recognized as 39 invisible hand 39 by Adam Smith ........

Indian Economic System Inflation
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    Which one of the following was recognized as 'invisible hand' by Adam Smith?

    This questions was previously asked in
    CAPF 2020 Paper-1
    View All CAPF Previous Year Papers

    Government

    Incorrect Answer

    Market/Price Mechanism

    Correct Answer

    Judiciary

    Incorrect Answer

    Legislature

    Incorrect Answer
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    Explanation:

    Market/Price Mechanism.

    • When there are a lot of apple suppliers in an economy, the price of apples will be lower.
    • These circumstances will see suppliers withdraw from the market over time.
    • This is the invisible hand that pulls them out of the economy.

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