Even though participants in the economy are motivated by self-interest, the invisible hand of the marketplace guides this self-interest into promoting general economic well-being.

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kevin machique · Accepted Answer

Final Answer : True, Explanation :  Adam Smith introduced the concept of the invisible hand, suggesting that individuals' pursuit of their own self-interest inadvertently benefits society as a whole, as they produce goods and services that are in demand, leading to efficient allocation of resources and overall economic well-being.

Even though participants in the economy are motivated by self-interest, the "invisible hand" of the marketplace guides this self-interest into promoting general economic well-being.

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