asked 211k views
0 votes
A household is a person or a group of people who live in the same residence. In economics, households are also _____. called the invisible hand consumers of goods and services considered to be firms that produce products involved in specialization

2 Answers

1 vote
The correct answer is consumers of goods and services.
answered
User EdJ
by
7.7k points
3 votes

Answer: Consumers of goods and services

Explanation: Invisible hand is the term that is used when the free market gets to the state of equilibrium on its own due to the supply and demand of services and products. It can happen due to the market force whose intervention is unobservable.

Other options are incorrect because it is not related with the production firms or the specialization with which the products are made.

answered
User HoaPhan
by
8.1k points

Related questions

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.