Asked by Rachel Sawyer on May 23, 2024
Verified
What does the "invisible hand" refers to?
Invisible Hand
A metaphor used by Adam Smith to describe unintended social benefits resulting from individual actions.
- Comprehend the principle of the "invisible hand" and its significance in economic theory.
Verified Answer
SD
Stoney DillardMay 27, 2024
Final Answer :
How the decisions of self-interested households and firms lead to desirable market outcomes.
Learning Objectives
- Comprehend the principle of the "invisible hand" and its significance in economic theory.
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