Cooper created Coop's Consulting to earn a profit, but by working hard and increasing his market share, he was able to create jobs for others. This is an example of the ________ concept.
A) circular flow
B) invisible hand
C) equitable income
D) social dividend

Question

Quizplus · Accepted Answer

The invisible hand concept says that self-interest (the desire to earn a profit) leads entrepreneurs to create jobs and produce goods and services that satisfy wants, thus benefiting society as a whole.

Cooper Created Coop's Consulting to Earn a Profit, but by Working