The statement, "because the invisible hand allocates resources efficiently, economies ought to minimize government interference" is an example of:

Name: The statement, "because the invisible hand allocates resources efficiently, economies ought to minimize government interference" is an example of:
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This statement is an economic precept, which is a normative statement suggesting how economies should operate based on the idea of the invisible hand leading to efficient resource allocation.

The Statement, "Because the Invisible Hand Allocates Resources Efficiently, Economies