Question

What is meant by the phrase ‘invisible hand’?

Answer 1

Answer:

phrase invisible hand means unobservable market force that helps the demand and supply of goods in the free market to reach equilibrium automatically is the invisible hand

Answer 2

Answer:

The unobservable market force that helps the demand and supply of goods in a free market to rich equilibrium automatically is the invisible hand.

The Phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'.