Carrefour is telling its customers which products are smaller than they used to be.
French supermarket Carrefour has put stickers on its shelves this week warning shoppers of “shrinkflation” - where packet contents are getting smaller while prices are not.
Which Adam Smith then follows by saying the craftspeople need to form guilds (unions) in response, which is the only scenario where the invisible hand approach could work
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Which Adam Smith then follows by saying the craftspeople need to form guilds (unions) in response, which is the only scenario where the invisible hand approach could work
The invisible hand was really just mentioned once in relation to the dynamics of trade between states, the whole concept is just taken out of context.