which market are invisible to us
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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'.
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The invisible hand is a metaphor for how, in a free market economy, self-interested individuals operate through a system of mutual interdependence.
Adam Smith introduced the concept in his book 1759 book "The Theory of Moral Sentiments" and later in his 1776 book "An Inquiry into the Nature and Causes of the Wealth of Nations."
Each free exchange creates signals about which goods and services are valuable and how difficult they are to bring to market.
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