Explain how the invisible hand fights back when government

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Reference no: EM1329186

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.

Reference no: EM1329186

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