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  • 18-04-2017
  • Business
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what does the invisible hand do

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rhegaaan
rhegaaan rhegaaan
  • 18-04-2017
The "Invisible Hand" is a phrase that is used to describe the unsocial benefits resulting from individual's actions. It was coined by Adam Smith. It also describes the function and operation of free markets within the economy. The idea is that people, as individuals, and their own self interest, end up doing what is best for the society. They are being guided by an "invisible hand."


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