Capitalism

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the "invisible hand" represents all the social good incidentally caused by individuals pursuing their own self-interest.
The best example of the "invisible hand" is the flood of items related to how the NFL profits from the Super bowl. Every year two teams go to the Super Bowl. Super Bowl forty-five that is happening on February 6, 2011 will include the Green Bay Packers and the Pittsburgh Steelers. I have read that tickets that are normally around $300 each are on bidding sites and selling for thousands of dollars. A private box in the Cowboys Stadium is selling for $70,000 according to ESPN. The Pittsburgh Steelers are one of the Nation's most popular teams and souvenirs are flying off the shelves. Not only for the AFC Conference Champions but the fact that this is their either time attending and possibly winning seven rings. On the news Saturday Night the city of Green Bay stated that a parade will not be in the plans due to costs but they will have a rally at the ...

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along the route in order to satisfy the public and to gain to make a profit. This relationship is therefore one that satisfies the self-interest of both groups and is mutually beneficial.
Self regulation is the concept of economics where a business lowers its prices closer to the costs of producing goods. This is driven by the competition with other businesses in the same product market, and the practice of undercutting each business as it tries to maximize the amount of consumers they have which creates an increase in profits. This self regulation depends on the amount of sellers in the marketplace. If there is a single seller, or simply a few sellers, the prices might stay ...

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