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Friedman Fundamentals Discussion

The Invisible Hand

Under what conditions is the “invisible hand” stymied or otherwise disrupted by government mandates?

Responses

Corporate takeover. Small businesses are swallowed by bigger companies or forced to shut down economically because of big businesses.

Corporate takeover. Small businesses are swallowed by bigger companies or forced to shut down economically because of big businesses. Government mandates can make small businesses inadequate economically, leaving the invisible hand unable to provide its product that feeds many hands it might influence to create jobs.

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