Question

The invisible hand refers to

Answer 1

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In economics, the Invisible hand is the term economists use to describe the self- regulating nature of the marketplace. For Smith, the Invisible hand was created by the conjunction of the forces of self-interest, competition, and supply and demand, which he noted as being capable of allocating resources in society.

Answer 2

Answer:

In economics, the Invisible hand is the term economists use to describe the self- regulating nature of the marketplace. For Smith, the Invisible hand was created by the conjunction of the forces of self-interest, competition, and supply and demand, which he noted as being capable of allocating resources in society.