Invisible Hand

Invisible Hand

In economics, Invisible hand means a self regulating behavior of the market place ,  This term was coined by Sir Adam Smith in his book "An Inquiry Into The Nature And Causes Of Wealth Of Nations" in the year 1776.

It basically states that 

"Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it ... He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for society that it was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good."

Tax Haven

Tax Haven

A tax haven is a state, country or a territory where certain taxes are levied at low rate or there is no tax at all, Government of a country basically do this in order to encourage corporate to set up there industries in there countries or territories etc in order to encourage there contributions towards the economy of a country.

Andorra,the Bahamas,Belize,Bermuda,the British Virgin Islands,the Cayman Islands,the Channel Islands,the Cook Islands,Hong Kong,the Isle of Man,Mauritius,Lichtenstein,Monaco,Panama,Switzerland And St. kitts and Nevis are all considered Tax Havens