'certain markets are invisible.'comment.
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The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand.
Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest.
Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest.
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The unobservable market force that helps the demands and supply of goods in a free market to reach equilibrium automatically is called the invisible hand.
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