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Economics Class

October 9, 2014 @ 2:00 pm - 2:45 pm

Session Goal: Understand the role of the “invisible hand” and self-interest in a market economy

Lesson Description: The “invisible hand” that is the driving force in a market economy is each individual promoting his or her self-interest.  Consumers aim to get the greatest satisfaction from their budgets; entrepreneurs try to achieve the highest profits for their firms; workers want the highest possible wages and salaries; and owners of property resources attempt to get the highest possible prices from the rent and sale of their resources.

Details

Date:
October 9, 2014
Time:
2:00 pm - 2:45 pm