Inivisible Hand

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Title: Inivisible Hand

Essay Details:

Subject: Business

Author: Norma C

Date: November 3, 2010

Level: University

Grade: A

Length: 11 / 3235

Essay text:

The topic discussed addresses coordination by rules, coordination by command, the invisible hand, and the dimensions of market failure. II. Coordination: Coordination refers to a horizontal dimension of economy. Rather, “a circulation of goods, services, and people is called the horizontal dimension because from this perspective things and people do not move ‘up’ or ‘down’ in the economy…they move ‘across’ from place to place” (200). This dimension allows the movement of things from one place to another, initiating self-sufficient individuals and cultures. Coordination allows individuals, and families to specialize; causing them to engage in a type of exchange between different units...

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