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4 October, 11:44

A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality. what is this describing?

A. The invisible hand

B. Mixed economy

C. Laissez-faire

D. Private enterprise

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  1. 4 October, 14:19
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    A) The invisible hand

    This concept was introduced by Adam Smith and says that free markets will meet an equilibrium of quantity, quality and price of goods that works for the businesses and the consumers without intervention from governments or regulators.
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