Economists and Their Theories

What do supply-sider economists believe?

What does Laisse Faire mean?

Which is a supply-sider economist?

Believes that the value of the product is determined by utility

What economic theorist came up with the idea of the Invisible Hand?

What do demand siders believe in?

These economic theorists believe that the central bank should watch the supply & demand of money to control inflation

Social & political philosophy that democracy should be used to distribute wealth evenly throughout a society

Based on private ownership of factors of production

Political system charaterized by a centrally planned economy with all economic and political power in the government

Was is the idea of the invisible hand?