According to adam businesses to make their prices attractive to consumers.

the answer on e2020 is competition

Business competition is the guiding factor for reaping benefits in any business; this was the belief of Adam Smith and it was propounded by him some two hundred years ago and still acts as the base in order to comprehend how market economies function

Adam smith, in his book ‘wealth of nations’ states that it’s not out of benevolence (generosity) of the butcher or a baker that we eat bread or meat, it’s out of the self-interest of the traders that they produce goods in order to earn profits and eventually that product is valid to us due to necessity. So, self-interest of a trader is one of the factors that promote trade. He also states that competition in markets regulates the trade.

If the price of the good is too high, then the goods of the competitor which are cost effective are preferred. Consumers being treated rudely than the competitor, then the goods of the competitor are preferred. So, it’s the competition that regulates the trade.

Self-interest and the Competition in markets are termed to be ‘invisible hand’ which determines the function of the market economy.

the big stick policy was to still look powerful, and be nice at the same time. the big stick policy was also to countries who were at war, find peace with eachother.

the dollar diplomacy was to expand american business and get it to latin america, for that would be good for the economy.

you my friend, your regards.

agubaba khaleekha.

the two things that develop a strong social foundation are: a. separation of church and states e. education received attention separation of church and states separate the illogical  argument that came from religious beliefs to a fact based belief. while education will make us remember the past to avoid the repeat of our mistakes.