34. Of the existence (as identified persons) of what proportion of these competitors are you unconscious?
35. What is meant by competitive co-operation? Illustrate. (See pp. 508, 558.)
36. What do you understand by the term "economic equilibrium"?
37. Is "economic equilibrium" identical with "social solidarity"? What is the relation, if any, between the two concepts?
38. To what extent does competition make for a natural harmony of individual interests?
39. What did Adam Smith mean by "an invisible hand"?
40. "Civilization is the resultant not of conscious co-operation but of the unconscious competition of individuals." Do you agree or disagree with this statement?
41. "By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." What is the argument for and against this position?
42. Why has the laissez-faire theory in economics been largely abandoned?
43. What do you understand by the term "freedom"? How far may freedom be identified with freedom of competition?