Economy, asked by snigdhajan21, 7 months ago

advantages of invisible hand by adam smith

Answers

Answered by ItsMarmik

1

Answer:

The invisible hand is a concept that – even without any observable intervention – free markets will determine an equilibrium in the supply and demand for goods.

The invisible hand means that by following their self-interest – consumers and firms can create an efficient allocation of resources for the whole of society.

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