what is meant by the phase 'invisible hand'
Answers
Answered by
2
Answer:
Definition of 'Invisible Hand' Definition: 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'.
Answered by
5
The invisible hand is a natural force that self regulates the market economy. ... An example of invisible hand is an individual making a decision to buy coffee and a bagel to make them better off, that person decision will make the economic society as a whole better off.
Similar questions