Question

what does the "invisible hand" of the marketplace do?

Answer 1

the phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that the economy can work better in the free market scenario where each one will work for his or her own interest. A labour market is a place where workers and employees interact with each other.

Answer 2

Answer:

The phrase invisible hand was introduced by Adam Smith in his book ' The Wealth of Nations' He assumed that economy can work better in the free market scenario where each one will work for his or her own interest. A labour market is a place where workers and employes interact with each other.

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