does not stand still
The principle of the invisible hand of the market is a term coined by the Scottish economist and one of the founders of modern economic theory, Adam Smith, to explain the mysterious processes in the market. He realized that the behavior of buyers and sellers in the market is determined not only by their desires, but also by some third party that is not visible.
The principle of the invisible hand of the market
For the reason that this side is not visible and clearly has to do with the market, it was called the “invisible hand of the market.” This third party coordinates the decisions and desires of buyers and sellers, and does this unnoticed by them. Continue reading
The world does not stand still, new technologies appear, and as you can see, gradually people begin to use electronic currency. But many still do not risk using electronic money, because they do not know what it is and how to use it. Most people think that electronic money is paper money that can be used to pay for various Internet services. For example, the Internet or mobile communications. But is it? In this article you will learn what electronic money is, how it appeared, their pros and cons, and how to use it. Continue reading